KBRA Releases Report Assigning a Long-Term Rating of AA- with a Stable Outlook to the City of Austin’s Airport System Revenue Bonds, Series 2019A and 2019B

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

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Provider: 
Business Wire, Inc.
Retrieved on: 
Monday, July 15, 2019
Information
Tags: 
Banking, Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Kroll Bond Rating Agency, Shelf registration, Prospectus, Bond credit rating, Asset-backed security, European Securities and Markets Authority, Security
Geotags: 
United States, NEW YORK
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Summary
Key Points: 
  • 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.


Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA- with a Stable Outlook to the City of Austin, Texas Airport System Revenue Bonds, Series 2019A and Series 2019B (AMT), and affirmed the long-term rating of AA- with a Stable Outlook for the Airport System Revenue Refunding Bonds, Series 2019 (AMT). The Bonds are secured by a first lien pledge of net airport system revenues.

Issuer: City of Austin

Assigned

   

Rating

 

Outlook

Airport System Revenue Bonds, Series 2019A

   

AA-

 

Stable

Airport System Revenue Bonds, Series 2019B (AMT)

   

AA-

 

Stable

Affirmed

   

Rating

 

Outlook

Airport System Revenue Refunding Bonds, Series 2019 (AMT)

   

AA-

 

Stable

The long-term rating on is based on KBRA’s U.S. General Airport Revenue Bond Rating Methodology.

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.

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