Bridge News

 FOR  IMMEDIATE RELEASE:                                                                                                                      

May 29, 2013

For further information contact: 

Matt Davison, 716.604.7772
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Standard & Poor’s Affirms NFBC’s “A+” Bond Rating
Commission’s sound management practices contribute to positive assessment

LEWISTON, NY/QUEENSTON, ON – Today the Niagara Falls Bridge Commission (NFBC) announced that Standard & Poor's (S&P) Ratings Services has re-affirmed its “A+” rating on NFBC 1993 series toll revenue bonds.

 S&P noted that the Niagara Falls Bridge Commission’s three-bridge system has “historically demonstrated good debt service coverage” as well as “strong historical financial performance” and “exceptional historical liquidity”.

“This A+ bond rating is a testament to the solid fiscal management practices of the Commission, coupled with a serious fiduciary responsibility that our American and Canadian commissioners adhere to,” said NFBC Chair Thomas Pryce.

“The NFBC is pleased to receive this independent A+ rating from a well-respected institution like Standard & Poor’s,” said NFBC Vice-Chair Ernest Smith. 

About the Niagara Falls Bridge Commission:

A Joint Resolution of the 1938 U.S. Congressional Third Session created the Niagara Falls Bridge Commission. The Extra Provincial Corporations Act of the Province of Ontario, Canada licenses the NFBC. Canada and the U.S. are equally represented on the NFBC by an eight-member Board of Commissioners.  Initially established to finance, construct and operate the Rainbow Bridge, the Commission proved sufficiently efficient and effective to assume responsibilities for the Whirlpool Rapids (Lower) and Lewiston-Queenston Bridges.  The NFBC builds and maintains all facilities for Customs and Immigration functions on both sides of the international border. The NFBC is self supportive, largely through user fees (tolls) and private-sector tenant leases. NFBC is federally chartered to conduct international commercial financial transactions and issue federal (U.S.) tax-exempt bonds.

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Niagara Falls Bridge Commission
5365 Military Road, Lewiston, NY 14092
P.O. Box 395, Niagara Falls, ON L2E 6T8
  Phone: 905-354-5641 or 716-285-6322  Fax: 716-282-3292 or 905-354-6644

http://www.niagarafallsbridges.com/ □ Twitter: @NiagaraBridges □


 

Main Office Administration & Mailing Address

5365 Military Rd.
Lewiston, NY 14092

The Niagara Falls Bridge Commission

Niagara Falls' reputation as a natural world wonder and honeymoon capital of the planet beckons visitors from around the globe. 

But it is the bridges that actually bring most of them here. 

No other single factor contributes more to tourism growth - indeed the export trade economy overall - than the NFBC's three monumental linkages of concrete and steel. Niagara Falls crossings rank second only to Kennedy International as the busiest port of entry between the U.S. and Canada. If you are about to travel over Niagara's gorge, your vehicle will take one of about 7.2 million passages expected this year on NFBC bridges.

Contact Us: Land Lines

  1-716-285-6322
  1-716-282-3292
  1-905-354-5641
  1-905-353-6644

 For additional contact information...