Kroll Bond Rating Agency Assigns BBB-/Stable to the NYS Urban Development Corporation d/b/a Empire State Development Moynihan Train Hall Project TIFIA Loan

NEW YORK--()--Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of BBB- with a Stable outlook to the $526,135,545 New York State Urban Development Corporation d/b/a Empire State Development Moynihan Train Hall Project TIFIA Loan.

The rating is based on KBRA’s General Property Tax/Assessment Revenue Methodology. For certain Rating Determinants, elements of KBRA’s CMBS Property Evaluation Methodology was used in developing the rating assessment.

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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Contacts

Analytical Contacts:
Kroll Bond Rating Agency
Alessandra D’Imperio, 646-731-2383
Senior Director
adimperio@kbra.com
or
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com
or
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Yee Cent Wong, 646-731-2374
Managing Director
ywong@kbra.com
or
Mathew Horner, 646-731-2477
Associate Director
mhorner@kbra.com

Contacts

Analytical Contacts:
Kroll Bond Rating Agency
Alessandra D’Imperio, 646-731-2383
Senior Director
adimperio@kbra.com
or
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com
or
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Yee Cent Wong, 646-731-2374
Managing Director
ywong@kbra.com
or
Mathew Horner, 646-731-2477
Associate Director
mhorner@kbra.com