Kroll Bond Rating Agency Assigns BBB-/Stable to the NYS Urban Development Corporation d/b/a Empire State Development Moynihan Train Hall Project TIFIA Loan

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of BBB- with a Stable outlook to the $526,135,545 New York State Urban Development Corporation d/b/a Empire State Development Moynihan Train Hall Project TIFIA Loan. The rating is based on KBRA’s General Property Tax/Assessment Revenue Methodology. For certain Rating Determinants, elements of KBRA’s CMBS Property Evaluation Methodology was used in developing the rating assessment. To access the full repor