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KBRA Releases Comment — “Keep Those Trains, Planes & Autos Running: Gov’t Shutdown Not Critical … Yet”

January 24, 2019

NEW YORK--(BUSINESS WIRE)--Jan 24, 2019--Kroll Bond Rating Agency (KBRA) releases its latest comment on the partial federal government shutdown, now in its fifth week. KBRA notes that the shutdown has not had a discernable impact on state and local government transportation agency operations. However, in the absence of a resolution to the current gridlock in Washington, D.C., KBRA would expect to see increasing adverse effects with the passage of time. KBRA believes the ramifications for transportation agencies will vary greatly, depending on each agency’s reliance on federal funding support for operations and/or infrastructure needs.

The full impact will depend on the degree to which the infrastructure project plays a vital role to the agency’s core mission.

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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/20190124005172/en/

CONTACT: Analytical:Harvey Zachem, Managing Director

(646) 731-2385

hzachem@kbra.comAndrew Clarke, Managing Director

(646) 731-2380

aclarke@kbra.comAlice Cheng, Associate Director

(646) 731-2403

acheng@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TRANSPORT PUBLIC TRANSPORT PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 01/24/2019 07:30 AM/DISC: 01/24/2019 07:30 AM

http://www.businesswire.com/news/home/20190124005172/en

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