1+ mon, 2+ week ago  (569+ words) The Brightline West high-speed rail project to link Southern California and Las Vegas still hasn't secured a federal Railroad Rehabilitation and Improvement Financing loan, but its officials say it has nonetheless made significant progress on the construction and financing fronts....

7+ mon, 3+ week ago  (861+ words) The San Francisco Bay Area Rapid Transit District, which has struggled to regain ridership post-pandemic, had its ratings affirmed ahead of plans to issue more than $1 billion in debt. BART operates a 131-mile heavy-rail transit system connecting San Francisco to…...

11+ mon, 1+ week ago  (531+ words) Fitch Ratings downgraded Brightline Trains Florida LLC's $2. 22 billion senior secured private activity bonds to BB-plus from BBB-minus and downgraded Brightline East LLC's $1. 12 billion in senior secured taxable notes to CCC-plus from B. Fitch placed the securities on credit watch negative. The…...

8+ mon, 2+ week ago  (557+ words) Brightline Trains Florida LLC's $2. 2 billion in senior secured private-activity bonds were downgraded to B from BB-plus and placed on rating watch negative by Fitch Ratings Thursday, citing BTF's continuing operating cashflow losses. The downgrade of the debt of Brightline, also…...

1+ year, 2+ day ago  (818+ words) A Texas hedge fund manager who has taken control of a long-dormant Texas bullet train project believes the Trump administration will support the project despite the administration yanking a grant earlier this week, calling it a "waste of federal funds....