Alerts
  • The Mobility Authority Walk Up Centers and Call Center will close early at 5:00pm Tuesday, December 9, for company training. We will resume regular hours on Wednesday, December 10. Payments can still be made online at PayMobilityBill.com or via our automated phone system at 512-410-0562.
  • Our newest Customer Service Walk-up location will be opening Monday, September 29. It will be located at 1321 Rutherford Ln, Suite 120, Austin, TX 78753.
  • We are aware of the smishing/phishing scams regarding outstanding toll charges. The Mobility Authority will never ask for personal information via text/email. Please do not click on links or respond to any suspicious messages that aren’t from any of the listed numbers. The Mobility Authority works diligently to protect our customers’ data.

    You can get the most up-to-date information about your Mobility Authority account at PayMobilityBill.com or call us at 833-762-8655 and request a callback.

Moody’s Upgrades Mobility Authority Bond Ratings, Outlook Remains Positive

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September 11, 2025
(Austin, Texas) —

Moody’s Ratings has recently upgraded the Central Texas Regional Mobility Authority (the Mobility Authority) senior lien revenue bonds rating to A2 from A3 and its subordinate lien revenue bonds to A3 from Baa1. Moody’s also affirmed a positive outlook at the higher rating level.

The Mobility Authority plans to refinance its Series 2015A senior lien bonds and Series 2016 senior and subordinate lien bonds to achieve interest cost savings. The Mobility Authority also intends to launch a tender offer for certain taxable bonds, including portions of the Series 2020C and 2021E senior lien bonds and the 2020D subordinate lien bonds, again with the goal of reducing borrowing costs.

The refinancing will be issued as tax-exempt proceeds with maturities aligned to the bonds being refunded. The sale is anticipated for late October or early November 2025. The underwriting team includes Wells Fargo Securities as senior manager, Bank of America Merrill Lynch as co-senior manager and tender dealer/manager, and Raymond James, RBC Capital Markets, Piper Sandler, and Ramirez & Co. as co-managers.

Moody’s cited the Authority’s strong financial performance for fiscal year 2025, including a total net revenue debt service coverage ratio above 2.0x, declining leverage, and continued growth across the agency’s network of toll facilities. The positive outlook reflects expectations that the recently opened 183A Phase III and the upcoming 183 North Mobility Project will further strengthen revenue and reduce leverage.

“The upgraded ratings demonstrate the growing recognition that Central Texas has a real need for transportation infrastructure and that the Mobility Authority is meeting that need effectively and efficiently with a fiscally sound approach,” said James Bass, Executive Director of the Mobility Authority. “It is also a testament to the Board’s stewardship in guiding the agency toward responsible growth while addressing our region’s mobility needs.”

For more information on the Mobility Authority, visit www.MobilityAuthority.com.

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