Kroll Bond Rating Agency Assigns a Long-Term Rating of AA+ to MTA’s Transportation Revenue Bonds, Series 2017B (Climate Bond Certified)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency has assigned a long term rating of AA+ to the Metropolitan Transportation Authority’s (MTA) Transportation Revenue Bonds, Series 2017B in an approximate amount of $500 million. The Bonds will be sold during the week of June 26, 2017. KBRA also affirms the long-term rating of AA+ with a Stable outlook on the outstanding MTA Transportation Revenue Bonds, except for bonds backed by a letter of credit or liquidity facility. KBRA’s long-term rating