KBRA Assigns Short-Term Rating of K1+ to the MTA Transportation Revenue Bond Anticipation Notes Series 2019B

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a short-term rating of K1+ to the Metropolitan Transportation Authority (MTA) Transportation Revenue Bond Anticipation Notes Series 2019B consisting of Subseries 2019B-1 and Subseries 2019B-2.

Concurrently, KBRA affirms the long-term rating of AA+ with a Negative Outlook on the MTA’s outstanding transportation revenue bonds. KBRA also affirms the short-term rating of K1+ on the MTA’s outstanding transportation revenue bond anticipation notes.

Issuer: Metropolitan Transportation Authority (MTA)
Assigned	Rating(s)	Outlook
Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-1 (maturing 5/15/2022)	K1+	n/a
Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-2 (maturing 5/15/2020)	K1+	n/a
Affirmed	Rating(s)	Outlook
Transportation Revenue Bonds	AA+	Negative
Transportation Revenue Bond Anticipation Notes, Series 2018A (maturing 8/15/2019)	K1+	n/a
Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-1 (maturing 5/15/2020)	K1+	n/a
Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-2 (maturing 5/15/2021)	K1+	n/a
Transportation Revenue Bond Anticipation Notes, Series 2018C-1 (maturing 9/1/2020)	K1+	n/a
Transportation Revenue Bond Anticipation Notes, Series 2018C-2 (maturing 9/1/2021)	K1+	n/a
Transportation Revenue Bond Anticipation Notes, Series 2019A (maturing 2/3/2020)	K1+	n/a

To access the report, click here.

For mapping of the long-term rating to the short-term rating, please refer to the Short-Term KBRA Rating Scale.

Methodology Used:

• U.S. Public Toll Roads, Bridges & Tunnels Revenue Bond Rating Methodology

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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 designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is 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.