KBRA Releases Report for MTA Transportation Revenue Variable Rate Refunding Bonds, Subseries 2002D-2b (LIBOR FRTN)
March 13 2018 - 12:39PM
Business Wire
On March 12, 2018, Kroll Bond Rating Agency (KBRA) assigned a
long-term rating of AA+ with a Stable Outlook on the Metropolitan
Transportation Authority (MTA)’s Transportation Revenue Variable
Rate Refunding Bonds, Subseries 2002D-2b (LIBOR Floating Rate
Tender Notes) (FRTN). KBRA also affirmed the long-term rating of
AA+ with a Stable Outlook on the MTA’s outstanding transportation
revenue bonds.
Additionally, KBRA affirmed the short-term rating of K1+ on the
following Transportation Revenue Bond Anticipation Notes (BANs),
Series 2017C and Series 2018A.
Ratings
Issuer: Metropolitan
Transportation Authority (MTA)
Series/Bond Rating Outlook
Action Transportation Revenue Variable Rate Refunding
Bonds, Subseries 2002D-2b (LIBOR Floating Rate Tender Notes) (FRTN)
AA+ Stable Assigned Transportation Revenue
Bonds AA+ Stable 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 (BANs)
(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 MTA is based on the U.S. Public
Toll Roads, Bridges, & Tunnels Rating Methodology.
To view the report, please click 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 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180313006146/en/
Analytical Contacts:Kroll
Bond Rating AgencyAndrew Clarke, 646-731-2380Managing
Directoraclarke@kbra.comorAlice Cheng, 646-731-2403Associate
Directoracheng@kbra.com