NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AAA with a Stable Outlook to the Tri-County Metropolitan Transportation District of Oregon Senior Lien Payroll Tax Revenues Bonds Series 2018A and outstanding parity obligations. KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility.
| Ratings | ||||||||||
| Issuer: | Tri-County Metropolitan Transportation District of Oregon | |||||||||
| Series/Bond | Rating | Outlook | Action | |||||||
| Senior Lien Payroll Tax Revenue Bonds Series 2018A | AAA | Stable | Assigned | |||||||
| Senior Lien Payroll Tax Revenue Bonds | AAA | Stable | Assigned | |||||||
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KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted. |
These ratings actions are based upon KBRA’s U.S. Special Tax Revenue Bond Rating Methodology and an assessment of the following five key rating determinants prescribed therein.
- Legal Framework
- Nature of Special Tax Revenues
- Economic Base and Demographics
- Revenue Analysis
- Coverage and Bond Structure
To read the full 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 recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and 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.
