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.
|Issuer:||Tri-County Metropolitan Transportation District of Oregon|
|Senior Lien Payroll Tax Revenue Bonds Series 2018A||AAA||Stable||Assigned|
|Senior Lien Payroll Tax Revenue Bonds||AAA||Stable||Assigned|
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
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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.