NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AA- with a Stable outlook to the Chicago Transit Authority’s Second Lien Sales Tax Receipts Revenue Bonds, Series 2017.
KBRA also affirms the long-term rating of AA with a Stable Outlook on the Chicago Transit Authority’s Sales Tax Receipts Revenue Bonds.
This rating is based on KBRA’s U.S. Special Tax Revenue Bond Rating Methodology. Further information may be found in the Chicago Transit Authority Sales Tax Receipts Revenue Bonds, Series 2014 rating report published on June 9, 2014 and Chicago Transit Authority 2015 Transportation Infrastructure Finance and Innovation Act (“TIFIA”) Loan rating report published on January 30, 2015.
To view the report click here.
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).