Market Overview

KBRA Releases Report Assigning Long-Term Rating of AA+ with Stable Outlook to the MTA Transportation Revenue Refunding Green Bonds, Series 2018B (Climate Bond Certified)

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On August 8, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term
rating of AA+ with a Stable Outlook to the Metropolitan Transportation
Authority Transportation Revenue Refunding Green Bonds, Series 2018B
(Climate Bond Certified) and affirmed its long-term rating of AA+ and
Stable Outlook on outstanding Transportation Revenue Bonds. KBRA
long-term ratings do not apply to bonds backed by a letter of credit or
liquidity facility, unless otherwise noted.

KBRA additionally affirmed the short-term rating of K1+ on the
Metropolitan Transportation Authority's: Transportation Revenue Bond
Anticipation Notes, Series 2018B Subseries 2018B-1 (maturing 5/15/2020);
Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries
B-2 (maturing 5/15/2021); Transportation Revenue Bond Anticipation
Notes, Series 2017C (partially maturing 2/15/2019 & 5/15/2019); and
Transportation Revenue Bond Anticipation Notes, Series 2018A (maturing
8/15/2019).

 
Ratings
Issuer: Metropolitan Transportation Authority (MTA)
Series/Bonds   Rating   Outlook   Action

Transportation Revenue Refunding Green Bonds, Series
2018B
(Climate Bond Certified)

  AA+   Stable   Assigned
Transportation Revenue Bonds   AA+   Stable   Affirmed

Transportation Revenue Bond Anticipation Notes, Series
2018B
Subseries 2018B-1
(maturing 5/15/2020)

  K1+   ---   Affirmed

Transportation Revenue Bond Anticipation Notes, Series
2018B
Subseries 2018B-2
(maturing 5/15/2021)

  K1+   ---   Affirmed

Transportation Revenue Bond Anticipation Notes,
Series 2017C
(partially
maturing 2/15/2019 & 5/15/2019)

  K1+   ---   Affirmed

Transportation Revenue Bond Anticipation Notes,
Series 2018A
(maturing
8/15/2019)

  K1+   ---   Affirmed
KBRA's long-term ratings do not apply to bonds backed by a letter
of credit or liquidity facility, unless otherwise noted.
 

KBRA's long-term rating for the MTA is based on the U.S.
Public Toll Roads, Bridges, & Tunnels Rating Methodology
.

The full report can be access 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, is 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.

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