Individuals have reported receiving text messages claiming to be from MDOT and demanding toll payments. This is a scam. MDOT does not operate any toll roads; messages should be ignored and deleted immediately. Learn more from MDOT Director Bradley C. Wieferich and Attorney General Dana Nessel.
Grant Anticipation Bonds
(GARVEE) Bonds | CUSIP Base No. | Par Amount Issued | Date Rated | Fitch | Moody's | S&P |
GARVEE Series 2007 | 594610 | $ 485,115,000 | August 2007 | AAA | Aaa | AAA |
GARVEE Series 2009B Taxable Build America Bonds | 594610 | $ 281,910,000 | June 2009 | Unrated | Aa3 | AA |
GARVEE Series 2016 Refunding | 594612 | $ 607,110,000 | July 2016 | Unrated | A2 | AA |
*Insured |
S&P affirmed July 2016 ratings during September 2017.