Fitch: Five Transit Agencies on “Rating Watch Negative”

Fitch Ratings has placed the ratings of five large U.S. public transit agencies on “Rating Watch Negative.” Fitch said it “expects widespread and sharp declines in transit ridership and fare revenues to create significant near-term stress in the U.S. public transit sector with the [agencies] identified here at the greatest risk. Some transit agencies in major urban areas that have already been impacted by the pandemic are reporting ridership declines of as much as 70% to 90% amid efforts at social distancing, a widespread shift to telecommuting and shelter-in-place orders.”

Denver International Airport rail link inaugurated

The first phase of Denver’s Eagle PPP commuter rail project was completed on April 22, 2016, when Colorado Governor  John Hickenlooper, U.S. Transportation Secretary Anthony Foxx and Denver Mayor   Michael Hancock inaugurated the 23.5-mile University of Colorado A Line from Union Station to Denver International Airport.