MDTA Board Meeting Materials

Maryland Transportation Authority; Toll Roads Bridges

Primary Credit Analyst: Andrew J Stafford, New York + 212-438-1937; andrew.stafford1@spglobal.com

Secondary Contact: Kenneth P Biddison, Englewood + 1 (303) 721 4321; kenneth.biddison@spglobal.com

Table Of Contents

Credit Highlights

Rationale

Outlook

Credit Opinion

Enterprise Risk Profile: Very Strong

Financial Risk Profile: Strong

Credit Snapshot

Related Research

APRIL 25, 2025 1

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