KBRA Releases Surveillance Report on Dallas Area Rapid Transit's Senior Lien Sales Tax Revenue Bonds

On October 20, 2023, KBRA affirmed the AAA rating and Stable outlook on Dallas Area Rapid Transit's (DART) outstanding Senior Lien Sales Tax Revenue Bonds. The long-term AAA rating and Stable outlook affirmation reflects DART's broad sales tax revenue base, a continued favorable pledged revenue trend, strong debt service coverage (DSC) levels, and the underlying strength of the Dallas-Fort Worth Metroplex economy, which has benefited from a diverse base of industries and rapid population growth.

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