KBRA Releases Rating Report for State of Texas Tax and Revenue Anticipation Notes, Series 2018
Aug. 06, 2018
NEW YORK--(BUSINESS WIRE)--Aug 6, 2018--On August 2, 2018 Kroll Bond Rating Agency (KBRA) assigned a short-term rating of K1+ to the State of Texas Tax and Revenue Anticipation Notes, Series 2018. KBRA has additionally affirmed the short-term rating of K1+ on the State of Texas’ Tax and Revenue Anticipation Notes, Series 2017 which mature August 30, 2018. Lastly, KBRA has affirmed the long-term rating of AAA and Stable Outlook on the State of Texas’ outstanding general obligation bonds. KBRA long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted.
KBRA’s assessment of the Series 2018 TRANs as well as the Series 2017 TRANs is based on KBRA’s .
KBRA’s affirmation of the State of Texas’ general obligation bonds is based on an evaluation of the factors discussed in KBRA’s .
To view the report, click .
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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 recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and 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
Kate Hackett, Managing Director
Peter Scherer, Associate
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
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