World News: 15:05 GMT Wednesday 15th May 2019. [Kroll Bond Rating Agency via Businesswire via SPi World News]
Kroll Bond Rating Agency (KBRA) assigns a short-term rating of K1+ to the Metropolitan Transportation Authority (MTA) Transportation Revenue Bond Anticipation Notes Series 2019B consisting of Subseries 2019B-1 and Subseries 2019B-2.
Concurrently, KBRA affirms the long-term rating of AA+ with a Negative Outlook on the MTA’s outstanding transportation revenue bonds. KBRA also affirms the short-term rating of K1+ on the MTA’s outstanding transportation revenue bond anticipation notes.
|Issuer: Metropolitan Transportation Authority (MTA)|
Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-1
Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-2
|Transportation Revenue Bonds||AA+||Negative|
Transportation Revenue Bond Anticipation Notes, Series 2018A (maturing 8/15/2019)
| Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-1 |
| Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-2 |
|Transportation Revenue Bond Anticipation Notes, Series 2018C-1 (maturing 9/1/2020)||K1+||n/a|
|Transportation Revenue Bond Anticipation Notes, Series 2018C-2 (maturing 9/1/2021)||K1+||n/a|
|Transportation Revenue Bond Anticipation Notes, Series 2019A (maturing 2/3/2020)||K1+||n/a|
To access the report, click here.
For mapping of the long-term rating to the short-term rating, please refer to the Short-Term KBRA Rating Scale.
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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. KBRA is also 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.
Business Wire: 15:05 GMT Wednesday 15th May 2019
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