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)

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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).

 
Ratings
Issuer: Metropolitan Transportation Authority (MTA)
Series/Bonds   Rating   Outlook   Action

Transportation Revenue Refunding Green Bonds, Series
2018B (Climate Bond Certified)

  AA+   Stable   Assigned
Transportation Revenue Bonds   AA+   Stable   Affirmed

Transportation Revenue Bond Anticipation Notes, Series
2018B Subseries 2018B-1
(maturing 5/15/2020)

  K1+   ---   Affirmed

Transportation Revenue Bond Anticipation Notes, Series
2018B Subseries 2018B-2
(maturing 5/15/2021)

  K1+   ---   Affirmed

Transportation Revenue Bond Anticipation Notes,
Series 2017C
(partially maturing 2/15/2019 & 5/15/2019)

  K1+   ---   Affirmed

Transportation Revenue Bond Anticipation Notes,
Series 2018A
(maturing 8/15/2019)

  K1+   ---   Affirmed
KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted.
 

KBRA’s long-term rating for the MTA is based on the U.S. Public Toll Roads, Bridges, & Tunnels Rating Methodology.

The full report can be access here.

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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.

More news and information about Kroll Bond Rating Agency

Published By:

Business Wire: 18:46 GMT Friday 10th August 2018

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