NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings on the bonds of NYCTL 2017-A Trust, a property tax lien ABS transaction. This transaction represents the 23rd sale and subsequent term securitization of tax liens by The City of New York (the “City”). The collateral pool is comprised of 3,838 property tax liens with an initial balance of approximately $85.0 million. The tax liens arose from unpaid real property taxes, assessments, sewer rents, sewer sur
