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
Airport System Revenue Refunding Bonds, Series 2019 (AMT)
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190415005548/en/
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