KBRA Assigns Long-Term Rating of AA+ With Negative Outlook to the MTA Transportation Revenue Green Bonds, Series 2019C (Climate Bond Certified)
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA+ with a Negative Outlook on the Metropolitan Transportation Authority’s Revenue Green Bonds, Series 2019C (Climate Bond Certified).
Concurrently, KBRA affirms the long-term rating of AA+ with a Negative Outlook on the Metropolitan Transportation Authority’s outstanding transportation revenue bonds. KBRA also affirms the short-term rating of K1+ on the Metropolitan Transportation Authority’s outstanding transportation revenue bond anticipation notes (see list below).
- Transportation Revenue Bond Anticipation Notes, Series 2018A
- 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
- Transportation Revenue Bond Anticipation Notes, Series 2018C-2
- Transportation Revenue Bond Anticipation Notes, Series 2019A
- Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-1
- Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-2
- Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019C
A full report is forthcoming.
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Issuer: Metropolitan Transportation Authority (MTA) |
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|
Assigned |
Rating |
Outlook |
|
Transportation Revenue Green Bonds, Series 2019C (Climate Bond |
AA+ |
Negative |
|
Affirmed |
Ratings |
Outlook |
|
Transportation Revenue Bonds |
AA+ |
Negative |
|
Transportation Revenue Bond Anticipation Notes, Series 2018A |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2018B |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2018B |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2018C-1 |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2018C-2 |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2019A |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2019B |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2019B |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2019B |
K1+ |
n/a |
|
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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Related Publications: (available at www.kbra.com)
- Congestion Pricing … What It Means for the MTA and TBTA
- Hudson Tunnel Project: Time Is of the Essence
- 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:
William Cox, Senior Managing Director
(646) 731-2472
wcox@kbra.com
Alice Cheng, Director
(646) 731-2403
acheng@kbra.com
Cindy Wu, Senior Director
(646) 731-2304
cwu@kbra.com