KBRA Releases Rating Report for the MTA Transportation Revenue Variable Rate Bonds

NEW YORK–(BUSINESS WIRE)–On October 17, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Metropolitan Transportation Revenue Variable Rate Refunding Bonds, Subseries 2002G-1f (LIBOR FRTN) and Transportation Revenue Variable Rate Bonds, Subseries 2005D-1 (LIBOR FRTN). Concurrently, KBRA affirmed the long-term rating of AA+ with a Stable Outlook on MTA’s outstanding Transportation Revenue Bonds. KBRA also affirmed the short-term rating on MTA