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.

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