KBRA Releases Report Assigning AA+ to the MTA TRB Series 2019A with a Negative Outlook and K1+ to the Transportation Rev. BANs Series 2019A

On January 24, 2019, Kroll Bond Rating Agency (KBRA) assigned a
Long-Term rating of AA+ with a Negative Outlook to the Metropolitan
Transportation Authority Transportation Revenue Green Bonds, Series
2019A (Climate Bond Certified) consisting of Subseries 2019A-1, 2019A-2,
and 2019A-3. KBRA also assigned a Short-Term rating of K1+ to the MTA’s
Transportation Revenue Bond Anticipation Notes, Series 2019A.

Concurrently, KBRA affirmed the Long-Term Rating of AA+ on the MTA’s
outstanding Transportation Revenue Bonds and revises the Outlook to
Negative. Additionally, KBRA affirmed the Short-Term Rating of K1+ on
the MTA’s outstanding Transportation Revenue Bond Anticipation Notes.

The rating actions are based on KBRA’s U.S.
Public Toll Roads, Bridges, and Tunnels Rating Methodology.

To access 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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190128005425/en/