NEW YORK--(BUSINESS WIRE)--On October 15, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA- and Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Revenue Refunding Bonds, Third Series of 2019 (Federally Taxable) and affirmed the long-term rating of AA- and Stable Outlook on outstanding Turnpike Revenue Bonds. KBRA additionally assigned a long-term rating of A+ and Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Subordinate Revenue Refunding Bonds, First Series of 2019 (Federally Taxable) and affirmed the long-term rating of A+ and Stable Outlook on outstanding Turnpike Subordinate Revenue Bonds.
Issuer: Pennsylvania Turnpike Commission |
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Assigned |
Rating |
Outlook |
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Turnpike Revenue Refunding Bonds, Third Series of 2019 (Federally Taxable) |
AA- |
Stable |
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Turnpike Subordinate Revenue Refunding Bonds, First Series of 2019 (Federally Taxable) |
A+ |
Stable |
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Affirmed |
Rating |
Outlook |
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Turnpike Revenue Bonds |
AA- |
Stable |
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Turnpike Subordinate Revenue Bonds |
A+ |
Stable |
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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.