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.

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:

• 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 Contacts:

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