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:

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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) 731-2472
[email protected]

Alice Cheng, Director
(646) 731-2403
[email protected]

Cindy Wu, Senior Director
(646) 731-2304
[email protected]

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