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bond insurance  bond  credit  excess toll  excess  financial tactic  forecasts  insurance  result credit  revenues  road  toll revenues  toll   
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Preview: Comments on: Commonsense? Re-fenestrated! (III)

Comments on: Commonsense? Re-fenestrated! (III)

So much more than multi-modality

Last Build Date: Thu, 23 Mar 2017 06:38:52 +0000


By: Saw this coming a mile away « The Placemaking Institute

Mon, 18 Jul 2011 14:47:17 +0000

[...] Two-year-ish old Source: Even more perniciously, officials are expecting to use excess toll revenues as collateral for leveraging funding for new toll roads – as evidenced by the plan CAMPO recently approved to use the excess toll revenues from 183A, which has bond insurance, as a substitute for bond default insurance on 290E because bond insurance has now become unaffordable as a result of the credit crisis.  This is a financial tactic that Minsky might very well term “Ponzi Borrowing.”[vii]  Furthermore, “Standard & Poor’s experience indicates that optimism bias is a consistent trend in toll-road traffic forecasting.  Bondholders and lenders should, therefore, view these forecasts with some degree of caution as they attempt to identify the inherent risks that these forecasts pose for credit quality.” [viii]  And so it comes down to these questions: [...]

By: Roy

Mon, 12 Apr 2010 12:49:36 +0000

There is nothing like variable rate road tolls to measure the consumer willingness to pay AND make time/cost analysis of each travel decision subject to a more considered opinion. Great post.