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.
Issuer: Metropolitan Transportation Authority
Transportation Revenue Variable Rate Refunding Bonds, Subseries
2002D-2b (LIBOR Floating Rate Tender Notes) (FRTN)
Transportation Revenue Bonds
Transportation Revenue Bond Anticipation Notes, Series 2017C
(partially maturing 2/15/2019 & 5/15/2019)
Transportation Revenue Bond Anticipation Notes, Series 2018A (BANs) (maturing
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.
View source 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