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KBRA Assigns AAA Long-Term Rating and Stable Outlook to TriMet’s Senior Lien Payroll Tax Revenue Bonds, Series 2019A and Series 2019B (Federally Taxable)

NEW YORK--(BUSINESS WIRE)--

Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AAA with a Stable Outlook to the Tri-County Metropolitan Transportation District of Oregon’s (TriMet) Senior Lien Payroll Tax Revenue Bonds Series 2019A and Series 2019B (Federally Taxable).

Concurrently, KBRA affirms the long-term rating of AAA with a Stable Outlook on the Tri-County Metropolitan Transportation District of Oregon’s outstanding Senior Lien Payroll Tax Revenue Bonds.

This rating affirmation is based on KBRA’s U.S. Special Tax Revenue Bond Rating Methodology.

Issuer: Tri-County Metropolitan Transportation District of Oregon (TriMet)

Assigned

Rating

Outlook

Senior Lien Payroll Tax Revenue Bonds, Series 2019A

AAA

Stable

Senior Lien Payroll Tax Revenue Refunding Bonds, Series 2019B
(Federally Taxable)

AAA

Stable

Affirmed

Rating

Outlook

Senior Lien Payroll Tax Revenue Bonds

AAA

Stable

A report will be forthcoming.

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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.

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