KBRA Releases Rating Report on the MTA Transportation Revenue Bonds Series 2019B (Climate Bond Certified)

NEW YORK–(BUSINESS WIRE)–On May 2, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term
rating of AA+ with a Negative Outlook to the Metropolitan Transportation
Authority (MTA) Transportation Revenue Bonds Series 2019B (Climate Bond
Certified).


Concurrently, KBRA affirmed the long-term rating of AA+ with a Negative
Outlook on the MTA’s outstanding transportation revenue bonds. KBRA also
affirmed the short-term rating of K1+ on the MTA’s outstanding
transportation revenue bond anticipation notes.


Issuer: Metropolitan Transportation Authority (MTA)


Assigned


 


Rating(s)


 


Outlook


Transportation Revenue Green Bonds, Series 2019B (Climate Bond
Certified)


 


AA+


 


Negative


Affirmed


 


Rating(s)


 


Outlook


Transportation Revenue Bonds


 


AA+


 


Negative


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


 


K1+


 


n/a


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


 


K1+


 


n/a


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


 


K1+


 


n/a


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


 


K1+


 


n/a


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.


Methodology Used:


U.S.
Public Toll Roads, Bridges & Tunnels Revenue Bond Rating Methodology


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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.


Contacts

Analytical Contacts:William
Cox, Senior Managing Director(646) 731-2472wcox@kbra.com
Alice
Cheng, Director(646) 731-2403acheng@kbra.com
Cindy
Wu, Senior Director(646) 731-2304cwu@kbra.com