KBRA Releases Report Assigning Long-Term Ratings to Pennsylvania Turnpike Commission Turnpike Revenue and Subordinate Revenue Bonds

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

Metadata
Provider: 
Business Wire, Inc.
Retrieved on: 
Friday, October 18, 2019
Information
Tags: 
Banking, Professional services, Insurance, Finance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Kroll Bond Rating Agency, Prospectus, Shelf registration, 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.


On October 15, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA- and Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Revenue Refunding Bonds, Third Series of 2019 (Federally Taxable) and affirmed the long-term rating of AA- and Stable Outlook on outstanding Turnpike Revenue Bonds. KBRA additionally assigned a long-term rating of A+ and Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Subordinate Revenue Refunding Bonds, First Series of 2019 (Federally Taxable) and affirmed the long-term rating of A+ and Stable Outlook on outstanding Turnpike Subordinate Revenue Bonds.

Issuer: Pennsylvania Turnpike Commission

Assigned

 

Rating

 

Outlook

Turnpike Revenue Refunding Bonds,

Third Series of 2019 (Federally Taxable)

 

AA-

 

Stable

Turnpike Subordinate Revenue Refunding Bonds, First Series of 2019 (Federally Taxable)

 

A+

 

Stable

 

 

 

 

 

Affirmed

 

Rating

 

Outlook

Turnpike Revenue Bonds

 

AA-

 

Stable

Turnpike Subordinate Revenue Bonds

 

A+

 

Stable

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. 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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Copyright Business Wire 2019