NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook on the Metropolitan Transportation Authority’s (MTA) Transportation Revenue Bonds, Subseries 2014D-2 (SIFMA Floating Rate Tender Notes). KBRA has also taken rating actions on the series/bonds in the table below. KBRA’s ratings do not apply to 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.
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Ratings |
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Issuer |
Series/Bond |
Rating | Outlook | Action | ||||||||
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Metropolitan |
Transportation Revenue Bonds Rate Tender Notes) |
AA+ | Stable | Assigned | ||||||||
| Transportation Revenue Bonds | AA+ | Stable | Affirmed | |||||||||
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Transportation Revenue Bond |
K1+ | Affirmed | ||||||||||
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Transportation Revenue Bond |
K1+ | Affirmed | ||||||||||
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Transportation Revenue Bond |
K1+ | Affirmed | ||||||||||
KBRA’s long-term rating for MTA is based on the U.S. Public Toll Roads, Bridges, & Tunnels Rating Methodology. Please see our initial rating report published on May 8, 2015, Metropolitan Transportation Authority Transportation Revenue Bonds, for a full discussion of the credit.
To view the report, please click here.
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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).
