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Kroll Bond Rating Agency Assigns Long-Term Rating of AA+ with a Stable Outlook to MTA's Transportation Revenue Green Bonds, Series 2016A (Climate Bond Certified)Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AA+ with a stable outlook to the Metropolitan Transportation Authority's (MTA) $500 million Transportation Revenue Green Bonds, Series 2016A (Climate Bond Certified). KBRA also affirms the long-term rating of AA+ with a stable outlook on the outstanding MTA Transportation Revenue Bonds, except for bonds backed by a letter of credit or liquidity facility, and the short-term rating of K1+ on the outstanding MTA Transportation Revenue BANs. KBRA's long-term rating for MTA is based on the U.S. Public Toll Roads, Bridges, & Tunnels Rating Methodology, published on November 1, 2012. Please see our report published on May 8, 2015, Metropolitan Transportation Authority Transportation Revenue Bonds, for a full discussion of the credit. The full report can be accessed via the following link: https://www.krollbondratings.com/show_report/3694. 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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