Kroll Bond Rating Agency (KBRA) has assigned a short-term rating of K1+ on the Metropolitan Transportation Authority’s (MTA) Transportation Revenue Bond Anticipation Notes, Series 2017C (“the 2017C BANs”). The 2017C BANs are expected to mature in 2019. KBRA has affirmed the long-term rating of AA+ with a Stable Outlook on all outstanding MTA transportation revenue bonds, except for bonds backed by a letter of credit or liquidity facility. For mapping of the long-term rating to the short-term rating, please refer to the short-term KBRA Rating Scale.
KBRA has also affirmed the short-term rating of K1+ on the MTA Transportation Revenue Bond Anticipation Notes, Series 2015B-2f (Taxable) (maturing February 1, 2018) and Series 2017B (maturing February 1, 2018).
To access the full report, please click on the link below:
MTA Transportation Revenue 2017C BANs
If you have any difficulties accessing the report, please contact [email protected] or visit www.kbra.com.