KBRA Assigns Rating of AAA and Stable Outlook to Los Angeles County Metropolitan Transportation Authority Proposition A First Tier Senior Sales Tax Revenue Refunding Bonds, Series 2018-A

NEW YORK--()--NY (March 23, 2018) – Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AAA with a Stable Outlook to the Los Angeles County Metropolitan Transportation Authority (LACMTA) Proposition A First Tier Senior Sales Tax Revenue Refunding Bonds, Series 2018-A. KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted.

KBRA’s long-term rating for the LACMTA Proposition A First Tier Senior Sales Tax Revenue Bonds is based on the U.S. Special Tax Revenue Bond Rating Methodology and the following rating determinants:

  • Legal Framework
  • Nature of Special Tax Revenues
  • Economic Base and Demographics
  • Revenue Analysis
  • Coverage and Bond Structure

To view the report, please click here.

CONNECT WITH KBRA

Twitter
LinkedIn
Download the iOS App
YouTube

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.

Contacts

Kroll Bond Rating Agency
Analytical:
Harvey Zachem, 646-731-2385
Managing Director
hzachem@kbra.com
or
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Peter Scherer, 646-731-2325
Associate
pscherer@kbra.com

Contacts

Kroll Bond Rating Agency
Analytical:
Harvey Zachem, 646-731-2385
Managing Director
hzachem@kbra.com
or
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Peter Scherer, 646-731-2325
Associate
pscherer@kbra.com