KBRA Assigns Short-Term Rating of K1+ to the MTA Transportation Revenue Bond Anticipation Notes Series 2019B

NEW YORK–(BUSINESS WIRE)–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)


Assigned


 


 


Rating(s)


 


 


Outlook


Transportation Revenue Bond Anticipation Notes, Series 2019B
Subseries 2019B-1(maturing 5/15/2022)


 


 


K1+


 


 


n/a


Transportation Revenue Bond Anticipation Notes, Series 2019B
Subseries 2019B-2(maturing 5/15/2020)


 


 


K1+


 


 


n/a


Affirmed


 


 


Rating(s)


 


 


Outlook


Transportation Revenue Bonds


 


 


AA+


 


 


Negative


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