KBRA Releases Rating Report for the MTA Transportation Authority Transportation Revenue Bond Anticipation Notes Series 2018B
NEW YORK--(BUSINESS WIRE)--Jun 14, 2018--On June 13, 2018, Kroll Bond Rating Agency (KBRA) assigned a short-term rating of K1+ to the Metropolitan Transportation Authority (MTA) Transportation Revenue Bond Anticipation Notes (BANs) Series 2018B consisting of Subseries 2018B-1 and 2018B-2. The two Subseries are scheduled to mature on May 15, 2020 and May 15, 2021, respectively.
Concurrently, KBRA affirmed the long-term rating of AA+ with a Stable Outlook on the MTA Transportation Revenue Bonds and short-term rating of K1+ on the MTA’s Transportation Revenue BANs Series 2017C and 2018A.
KBRA’s long-term rating for the MTA is based on the . KBRA’s Rating Determinant ratings are summarized below:Size and Scope of Operations: AAA Demand Assessment: AA+ Regulatory/Management Framework: AA+ Financial Profile: AA Security Provisions: AA-
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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
Andrew Clarke, 646-731-2380
Alice Cheng, 646-731-2403
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Kroll Bond Rating Agency
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PUB: 06/14/2018 06:02 PM/DISC: 06/14/2018 06:02 PM