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KBRA Releases Report Assigning a Long-Term Rating of AA- with a Stable Outlook to the City of Austin, Texas Airport System Revenue Refunding Bonds, Series 2019

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On April 10, 2019, Kroll Bond Rating Agency (KBRA) assigned an AA- rating with a Stable Outlook to the City of Austins 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
Assigned   Rating   Outlook
Airport System Revenue Refunding Bonds, Series 2019 (AMT)   AA-   Stable
   

The long-term rating on is based on KBRAs 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.

Analytical Contacts:
Harvey
Zachem, Managing Director
(646) 731-2385
[email protected]

Justin
Schneider, Senior Analyst
(646) 731-2453
[email protected]