KBRA Releases Rating Report on the MTA Transportation Revenue Bonds Series 2019B (Climate Bond Certified)

NEW YORK–(BUSINESS WIRE)–On May 2, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term
rating of AA+ with a Negative Outlook to the Metropolitan Transportation
Authority (MTA) Transportation Revenue Bonds Series 2019B (Climate Bond
Certified).

Concurrently, KBRA affirmed the long-term rating of AA+ with a Negative
Outlook on the MTA’s outstanding transportation revenue bonds. KBRA also
affirmed 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