KBRA Releases Report Assigning a Long-Term Rating of AA- with a Stable Outlook to the City of Austin, Texas Airport System Re...
April 15 2019 - 9:14AM
Business Wire
On April 10, 2019, Kroll Bond Rating Agency (KBRA) assigned an
AA- rating with a Stable Outlook to the City of Austin’s Airport
System Revenue Refunding Bonds, Series 2019. The City is issuing
Airport System Revenue Refunding Bonds to refund outstanding Series
2005 Bonds and fund a swap termination payment. The Bonds are
secured by a first lien pledge of net airport system revenues.
Issuer: City of Austin, Texas Assigned
Rating Outlook Airport System Revenue
Refunding Bonds, Series 2019 (AMT) AA- Stable
The long-term rating on is based on KBRA’s U.S. General
Airport Revenue Bond Rating Methodology.
To access the report, click here.
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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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version on businesswire.com: https://www.businesswire.com/news/home/20190415005548/en/
Analytical Contacts:Harvey
Zachem, Managing Director(646) 731-2385hzachem@kbra.comJustin
Schneider, Senior Analyst(646) 731-2453jschneider@kbra.com