Kroll Bond Rating Agency (KBRA) has affirmed the A- long-term rating and Stable Outlook on the Casino Reinvestment Development Authority (CRDA) Luxury Tax Revenue Bonds, Series 2014 (the “Bonds”). As of December 31, 2016, CRDA had approximately $233 million of Luxury Tax Revenue Bonds outstanding.
The affirmation is based on KBRA’s U.S. Special Tax Revenue Bond Rating Methodology. KBRA’s rating evaluation of the long-term credit quality of special tax revenue bonds focuses on five key rating determinants:
- Legal Framework,
- Nature of Special Tax Revenues,
- Economic Base and Demographics,
- Revenue Analysis, and
- Coverage and Bond Structure.
To access the full report, please click on the link below:
CRDA Luxury Tax Revenue Bonds, Series 2014
If you have any difficulties accessing the report, please contact [email protected] or visit www.kbra.com.