KBRA Releases Report Assigning Long-Term Rating of AA+ with Stable Outlook to the MTA Transportation Revenue Refunding Green Bonds, Series 2018B (Climate Bond Certified)
NEW YORK--(BUSINESS WIRE)--Aug 10, 2018--On August 8, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Metropolitan Transportation Authority Transportation Revenue Refunding Green Bonds, Series 2018B (Climate Bond Certified) and affirmed its long-term rating of AA+ and Stable Outlook on outstanding Transportation Revenue Bonds. KBRA long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted.
KBRA additionally affirmed the short-term rating of K1+ on the Metropolitan Transportation Authority’s: Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-1 (maturing 5/15/2020); Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries B-2 (maturing 5/15/2021); Transportation Revenue Bond Anticipation Notes, Series 2017C (partially maturing 2/15/2019 & 5/15/2019); and Transportation Revenue Bond Anticipation Notes, Series 2018A (maturing 8/15/2019).
KBRA’s long-term rating for the MTA is based on the .
The full report can be access .
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
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CONTACT: Kroll Bond Rating Agency
Andrew Clarke, Managing Director
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Alice Cheng, Associate Director
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Kroll Bond Rating Agency
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PUB: 08/10/2018 01:46 PM/DISC: 08/10/2018 01:46 PM