[March 27, 2020]

KBRA Releases Research - Coronavirus (COVID-19): Mass Transit Bonds Backed by Sales Taxes and Gross Revenues Are a Mixed Bag

Kroll Bond Rating Agency (KBRA) releases a research report focusing on major transit systems across the U.S., highlighting the strengths of a select few as well as the resources available to them to pay debt service amid declining ridership due to coronavirus containment efforts including restrictions on social gatherings.

Click here to view the report.

Related Publications

• KBRA Monitors Coronavirus (COVID-19) Credit Impact by Sector
• Coronavirus (COVID-19): Sales Tax Collections Have Strong Immunities
• MTA's Transportation Revenue Bonds, Series 2020C Rating Report

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) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200327005489/en/

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