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KBRA Assigns Short-Term Rating of K1+ on the MTA Transportation Revenue Bond Anticipation Notes, Series 2017C

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Kroll Bond Rating Agency (KBRA) has assigned a short-term rating of K1+
on the Metropolitan Transportation Authority's (MTA) Transportation
Revenue Bond Anticipation Notes, Series 2017C ("the 2017C BANs").
The 2017C BANs are expected to mature in 2019. KBRA has affirmed the
long-term rating of AA+ with a Stable Outlook on all
outstanding MTA transportation revenue bonds, except for bonds backed by
a letter of credit or liquidity facility. For mapping of the long-term
rating to the short-term rating, please refer to the short-term KBRA
Rating Scale
.

KBRA has also affirmed the short-term rating of K1+ on the MTA
Transportation Revenue Bond Anticipation Notes, Series 2015B-2f
(Taxable) (maturing February 1, 2018) and Series 2017B (maturing
February 1, 2018).

KBRA's long-term rating for MTA is based on the U.S.
Public Toll Roads, Bridges, & Tunnels Rating Methodology
.
Please see our initial rating report published on May 8, 2015, Metropolitan
Transportation Authority Transportation Revenue Bonds
,
for a full discussion of the credit.

KBRA's long-term rating assessment is based on its review of the five
KBRA Rating Determinants included in KBRA' U.S. Public Toll Roads,
Bridges, & Tunnels Rating Methodology.

To access the report, click here
or visit www.kbra.com.

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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a
Nationally Recognized Statistical Rating Organization (NRSRO). In
addition, KBRA is recognized by the National Association of Insurance
Commissioners (NAIC) as a Credit Rating Provider (CRP).

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