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KBRA Assigns K1+ to State of Texas Tax and Revenue Anticipation Notes, Series 2019Kroll Bond Rating Agency (KBRA) assigns a short-term rating of K1+ to the State of Texas Tax and Revenue Anticipation Notes, Series 2019. KBRA also affirms the long-term rating of AAA and Stable Outlook on the State's outstanding general obligation debt as well as the short-term rating of K1+ on the State's Tax and Revenue Anticipation Notes, Series 2018.
The ratings on the State's outstanding and soon to be marketed cash flow notes are based on KBRA's U.S. State and Local Government Short-Term Cash Flow Note Rating Methodology. The general obligation rating is based on KBRA's U.S. State General Obligation Rating Methodology. Detailed report to follow. CONNECT WITH KBRA
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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/20190808005645/en/ |