Press Release|Public Finance
KBRA Assigns AAA Rating to Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Refunding Series 2026A (Green Bonds); Affirms Rating for Parity Bonds
27 Mar 2026 | New York
KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Refunding Series 2026A (Green Bonds). KBRA additionally affirms the long-term rating of AAA for outstanding Sales Tax Revenue Bonds. The rating Outlook is Stable.
Key Credit Considerations
The rating action reflects the following key credit considerations:
Credit Positives
- Pledged revenues provide ample coverage of Sales Tax Revenue Bond maximum annual debt service and a substantial source of recurring financial support for capital and operating needs through 2057.
- Favorable demographic trends and socio-demographic characteristics of the pledged revenue base are supportive of growth and stability of pledged receipts.
Credit Challenges
- Pledged receipts have moderate sensitivity to economic cycles.
Rating Sensitivities
For Upgrade
- Not applicable at AAA rating level.
For Downgrade
- A significant decline in debt service coverage due to very large increases in sales tax bond leverage accompanied by significant and prolonged deterioration in the sale tax base.
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