KBRA Releases Surveillance Report on Dallas Area Rapid Transit's Senior Lien Sales Tax Revenue Bonds
23 Oct 2023 | New York
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.
To access rating and relevant documents, click here.
Click here to view the report.