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KBRA Releases Report Assigning AAA Rating and Stable Outlook to the Commonwealth of Massachusetts’ Commonwealth Transportation Fund Revenue Bonds 2019 Series A

November 4, 2019

NEW YORK--(BUSINESS WIRE)--Nov 4, 2019--

On November 1, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AAA and Stable Outlook to the Commonwealth of Massachusetts’ Commonwealth Transportation Fund Revenue Bonds (Rail Enhancement & Accelerated Bridge Programs), 2019 Series A. KBRA additionally affirmed the long-term rating of AAA and Stable Outlook on the Commonwealth’s outstanding Commonwealth Transportation Fund Revenue Bonds.

Issuer: The Commonwealth of Massachusetts

Assigned

Rating(s)

Outlook

Commonwealth Transportation Fund Revenue Bonds (Rail Enhancement & Accelerated Bridge Programs) 2019 Series A

AAA

Stable

Affirmed

Rating(s)

Outlook

Commonwealth Transportation Fund Revenue Bonds

AAA

Stable

To access the report, click here.

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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/20191104006020/en/

CONTACT: Analytical:Paul Kwiatkoski, Managing Director

(646) 731-3287

pkwiatkoski@kbra.comJack Morrison, Associate Director

(646) 731-2410

jmorrison@kbra.comWilliam Cox, Senior Managing Director

(646) 731-2472

wcox@kbra.comKaren Daly, Senior Managing Director

(646) 731-2347

kdaly@kbra.comBusiness Development:Bill Baneky, Managing Director

(646) 731-2403

bbaneky@kbra.comJames Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK MASSACHUSETTS

INDUSTRY KEYWORD: PUBLIC TRANSPORT PROFESSIONAL SERVICES TRANSPORT FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 11/04/2019 04:57 PM/DISC: 11/04/2019 04:57 PM

http://www.businesswire.com/news/home/20191104006020/en