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KBRA Releases Rating Report for the MTA Transportation Authority Transportation Revenue Bond Anticipation Notes Series 2018B

June 14, 2018

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-

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180614006310/en/

CONTACT: Kroll Bond Rating Agency

Analytical:

Andrew Clarke, 646-731-2380

Managing Director

aclarke@kbra.com

or

Alice Cheng, 646-731-2403

Associate Director

acheng@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 06/14/2018 06:02 PM/DISC: 06/14/2018 06:02 PM

http://www.businesswire.com/news/home/20180614006310/en

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