KBRA Releases Coronavirus (COVID-19): MTA and its Bottom Line

NEW YORK--()--Kroll Bond Rating Agency (KBRA) releases a research report discussing the potential impact of the new virus on the MTA’s operating budget and the structural protections that limit the negative ramifications to bondholders.

As the number of confirmed coronavirus disease (COVID-19) cases in the New York area increases, political leaders have urged caution regarding use of congested subways and other modes of mass transit. Additionally, many businesses have begun allowing employees to work remotely. While the extent of a decline in public transit usage is not yet known, it is clear that these measures are resulting in a drop in MTA ridership and revenues. Kroll Bond Rating Agency (KBRA) continues to monitor the impact of COVID-19 across all our sectors and ratings.

To view the report, click here.

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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 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.

Contacts

Analytical:
Alice Cheng, Director
+1 (646) 731-2403
acheng@kbra.com

Cindy Wu, Senior Director
+1 (646) 731-2304
cwu@kbra.com

Karen Daly, Senior Managing Director
+1 (646) 731-2347
kdaly@kbra.com

William Cox, Senior Managing Director & Head of Corporate, Financial, and Government Ratings
+1 (646) 731-2472
wcox@kbra.com

Business Development Contacts:
Bill Baneky, Managing Director
+1 (646) 731-2409
bbaneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
jkissane@kbra.com

Contacts

Analytical:
Alice Cheng, Director
+1 (646) 731-2403
acheng@kbra.com

Cindy Wu, Senior Director
+1 (646) 731-2304
cwu@kbra.com

Karen Daly, Senior Managing Director
+1 (646) 731-2347
kdaly@kbra.com

William Cox, Senior Managing Director & Head of Corporate, Financial, and Government Ratings
+1 (646) 731-2472
wcox@kbra.com

Business Development Contacts:
Bill Baneky, Managing Director
+1 (646) 731-2409
bbaneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
jkissane@kbra.com