KBRA Assigns AAA Long-Term Rating and Stable Outlook to TriMet’s Senior Lien Payroll Tax Revenue Bonds, Series 2019A and Series 2019B (Federally Taxable)
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AAA with a Stable Outlook to the Tri-County Metropolitan Transportation District of Oregon’s (TriMet) Senior Lien Payroll Tax Revenue Bonds Series 2019A and Series 2019B (Federally Taxable).
Concurrently, KBRA affirms the long-term rating of AAA with a Stable Outlook on the Tri-County Metropolitan Transportation District of Oregon’s outstanding Senior Lien Payroll Tax Revenue Bonds.
This rating affirmation is based on KBRA’s U.S. Special Tax Revenue Bond Rating Methodology.
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Issuer: Tri-County Metropolitan Transportation District of Oregon (TriMet) |
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Assigned |
Rating |
Outlook |
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Senior Lien Payroll Tax Revenue Bonds, Series 2019A |
AAA |
Stable |
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Senior Lien Payroll Tax Revenue Refunding Bonds, Series 2019B |
AAA |
Stable |
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Affirmed |
Rating |
Outlook |
|
Senior Lien Payroll Tax Revenue Bonds |
AAA |
Stable |
A report will be forthcoming.
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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
Analysts:
Harvey Zachem, Managing Director
(646) 731-2385
hzachem@kbra.com
Alice Cheng, Director
(646) 731-2403
acheng@kbra.com