Amtrak Budget News

[Amfleet]

Amtrak – which only a few months ago was looking at bankruptcy and possibly missing a payroll –is now on its way to restored health. For one thing, Moody’s Investors Service has confirmed the passenger railroad’s A3 ratings. Moody’s cites the FRA $100 million loan and the Congressional $205 appropriation.

Full article can be found here.

 

[Bill Haithcoat]

Finally--some light at the end of the tunnel.

 

[EmpireBuilderFan]

Finally--some light at the end of the tunnel.

Now, we just have to hope it's not another train on the same track. (Sorry, couldn't help the pun!)

 

[tp49]

Amtrak – which only a few months ago was looking at bankruptcy and possibly missing a payroll –is now on its way to restored health. For one thing, Moody’s Investors Service has confirmed the passenger railroad’s A3 ratings. Moody’s cites the FRA $100 million loan and the Congressional $205 appropriation.

Be careful, just as a bond rating can be upgraded it can quickly be downgraded based on things including not meeting their projected funding levels, etc. We better hope that Amtrak gets its full funding. However, for the present this is good as the bond rating upgrade means they can borrow money (float a bond) for capital improvments and other things at a lower interest rate.