KBRA Releases Report Assigning an AA+ with a Stable Outlook to the Metropolitan Transit Authority of Harris County, TX Series 2019 A & B
NEW YORK–(BUSINESS WIRE)–On August 22, 2019 Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Metropolitan Transit Authority of Harris County, Texas (the “Authority”) Sales and Use Tax Refunding Bonds Series 2019A and Taxable Series 2019B. This rating is supported by the Authority’s strong pledged revenue base that has performed well despite exposure to oil and gas industry cycles and a sizable and growing service area that represents a substantial proportion of the nation’s fifth largest metropolitan area.
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Issuer: Metropolitan Transit Authority of Harris County, Texas |
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Assigned |
Rating(s) |
Outlook |
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Sales and Use Tax Refunding Bonds Series 2019A |
AA+ |
Stable |
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Sales and Use Tax Refunding Bonds Taxable Series 2019B |
AA+ |
Stable |
To access the report, click here.
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:
Harvey Zachem, Managing Director
(646) 731-2385
hzachem@kbra.com
Justin Schneider, Senior Analyst
(646) 731-2453
jschneider@kbra.com
Karen Daly, Senior Managing Director
(646) 731-2347
kdaly@kbra.com