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KBRA Releases Report Assigning an AA+ with a Stable Outlook to the Metropolitan Transit Authority of Harris County, TX Series 2019 A & B

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08/23/2019 | 02:30pm EDT

On August 22, 2019 Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Metropolitan Transit Authority of Harris County, Texas (the “Authority”) Sales and Use Tax Refunding Bonds Series 2019A and Taxable Series 2019B. This rating is supported by the Authority’s strong pledged revenue base that has performed well despite exposure to oil and gas industry cycles and a sizable and growing service area that represents a substantial proportion of the nation’s fifth largest metropolitan area.

Issuer: Metropolitan Transit Authority of Harris County, Texas

Assigned

Rating(s)

Outlook

Sales and Use Tax Refunding Bonds Series 2019A

AA+

Stable

Sales and Use Tax Refunding Bonds Taxable Series 2019B

AA+

Stable

To access the report, click here.

Methodology:

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.


© Business Wire 2019
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