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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)

August 10, 2018

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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About KBRA and KBRA Europe

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180810005374/en/

CONTACT: Kroll Bond Rating Agency

Analytical Contacts:

Andrew Clarke, Managing Director

aclarke@kbra.com, (646) 731-2380

or

Alice Cheng, Associate Director

acheng@kbra.com, (646) 731-2403

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 08/10/2018 01:46 PM/DISC: 08/10/2018 01:46 PM

http://www.businesswire.com/news/home/20180810005374/en

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