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KBRA Release Rating Report Assigning Short-Term Rating of K1+ to the MTA Transportation Revenue Bond Anticipation Notes, Series 2019F

November 26, 2019

NEW YORK--(BUSINESS WIRE)--Nov 26, 2019--

On November 25, 2019, Kroll Bond Rating Agency (KBRA) assigned a short-term rating of K1+ to the Transportation Revenue Bond Anticipation Notes, Series 2019F.

Concurrently, KBRA affirmed the long-term rating of AA+ with a Negative Outlook on the Metropolitan Transportation Authority’s outstanding transportation revenue bonds. KBRA also affirmed the short-term rating of K1+ on the Metropolitan Transportation Authority’s outstanding transportation revenue bond anticipation notes (see list below).

Issuer: Metropolitan Transportation Authority (MTA)

Assigned

Rating(s)

Outlook

Transportation Revenue Bond Anticipation Notes, Series 2019F (maturing November 15, 2022)

K1+

n/a

Affirmed

Rating(s)

Outlook

Transportation Revenue Bonds

AA+

Negative

Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-1 (maturing 5/15/2020)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-2 (maturing 5/15/2021)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2018C-1 (maturing 9/1/2020)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2018C-2 (maturing 9/1/2021)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019A (maturing 2/3/2020)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-1 (maturing 5/15/2022)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-2 (maturing 5/15/2020)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019C (maturing 7/1/2020)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019D (maturing 9/1/2022)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019E (maturing 9/1/2020)

K1+

n/a

To view the report, click here.

Methodology Used:

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005692/en/

CONTACT: Analytical:

Alice Cheng, Director

(646) 731-2403

acheng@kbra.comCindy Wu, Senior Director

(646) 731-2304

cwu@kbra.comWilliam Cox, Senior Managing Director

(646) 731-2472

wcox@kbra.comBusiness Development Contacts:

William Baneky, Managing Director

(646) 731-2409

bbaneky@kbra.comJames Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 11/26/2019 12:34 PM/DISC: 11/26/2019 12:34 PM

http://www.businesswire.com/news/home/20191126005692/en