NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned a rating of K1+ to the State of Texas’ Tax and Revenue Anticipation Notes, Series 2017. KBRA has also affirmed the long-term rating of AAA with a Stable Outlook to the State of Texas’ general obligation bonds. The short term rating is based on KBRA’s U.S. State and Local Government Short Term Cash Flow Note Rating Methodology. To access the report, click here. About Kroll Bond Rating Agency KBRA is registered with the U.S.