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Fitch Affirms Colorado Dept of Transport's TRANs at 'AA'; Outlook Stable

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA' rating on the Colorado Department of Transportation's (CDOT) approximately $149 million of transportation revenue anticipation notes (TRANs) series 2002B and 2004B. The Rating Outlook is Stable. The rating is driven by the pledge of state matching funds that are largely derived from the highway users tax fund (HUTF), which includes the state portion of the motor fuel tax and vehicle registration fees. In addition, under certain

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