KBRA Assigns AA+ Rating with Negative Outlook to the MTA Transportation Revenue Refunding Green Bonds, Series 2019D (Climate Bond Certified)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA+ with a Negative Outlook on the Metropolitan Transportation Authority’s Revenue Refunding Green Bonds, Series 2019D (Climate Bond Certified).

Concurrently, KBRA affirms the long-term rating of AA+ with a Negative Outlook on the Metropolitan Transportation Authority’s outstanding transportation revenue bonds. KBRA also affirmed the short-term rating of K1+ on the Metropolitan Transportation Authority’s outstanding transportation revenue bond anticipation notes (see list below).

  • Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-1
  • Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-2
  • Transportation Revenue Bond Anticipation Notes, Series 2018C-1
  • Transportation Revenue Bond Anticipation Notes, Series 2018C-2
  • Transportation Revenue Bond Anticipation Notes, Series 2019A
  • Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-1
  • Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-2
  • Transportation Revenue Bond Anticipation Notes, Series 2019C
  • Transportation Revenue Bond Anticipation Notes, Series 2019D
  • Transportation Revenue Bond Anticipation Notes, Series 2019E

To view the report, click here.

Issuer: Metropolitan Transportation Authority (MTA)

Assigned

Rating(s)

Outlook

Transportation Revenue Refunding Green Bonds, Subseries 2019D-1 (Mandatory Tender Bonds – Climate Bond Certified)

AA+

Negative

Transportation Revenue Refunding Green Bonds, Subseries 2019D-2 (Federally Taxable – Climate Bond Certified)

AA+

Negative

Affirmed

Rating(s)

Outlook

Transportation Revenue Bonds

AA+

Negative

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

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

Transportation Revenue Bond Anticipation Notes, Series 2019C (maturing 7/1/2020)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019D (maturing 9/1/2022)

K1+

n/a

Transportation Revenue Bond Anticipation Notes, Series 2019E (maturing 9/1/2020)

K1+

n/a

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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:

Cindy Wu, Senior Director

(646) 731-2304

[email protected]

Alice Cheng, Director

(646) 731-2403

[email protected]

William Cox, Senior Managing Director

(646) 731-2472

[email protected]

Business Development:

William Baneky, Managing Director

(646) 731-2409

[email protected]

James Kissane, Senior Director

(213) 806-0026

[email protected]

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