Issuer Type: Transit
Revenue Refunding Bonds, Series 2020D
On behalf of DART, I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the Authority, as it allows us to make critical investments in public transportation infrastructure throughout Dallas. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of DART. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.
Joseph G. Costello, Chief Financial Officer
KBRA Assigns AAA Rating with Stable Outlook to Dallas Area Rapid Transit Senior Lien Sales Tax Revenue Refunding Bonds, Taxable Series 2020D NEW YORK (October 15, 2020) – Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AAA with a Stable Outlook to the Dallas Area Rapid Transit (DART) Senior Lien Sales Tax Revenue Refunding Bonds, Taxable Series 2020D. KBRA additionally affirms the long-term rating of AAA with a Stable Outlook on DART’s outstanding Senior Lien Sales Tax Revenue Bonds.
New York, February 19, 2020 -- Moody's Investors Service has assigned a Aa2 rating to Dallas Area Rapid Transit, TX's (DART) $80.6 million Senior Lien Sales Tax Revenue Improvement and Refunding Bonds, Series 2020A; $32.7 million Senior Lien Sales Tax Revenue Refunding Bonds, Series 2020B (Forward Delivery); and $113.3 million Senior Lien Sales Tax Revenue Refunding Bonds, Taxable Series 2020C. The outlook is stable.
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DART has been named the American Public Transportation Association's (APTA) 2019 Innovation Award winner.
The Innovation Award is given to a public transit agency demonstrating innovative concepts in the provision of public transportation services. Entries this year had to show how their transit system demonstrated excellence within the three-year period of 2016-2018.
DART's winning entry was their GoPass app, the first public transit ticket-purchasing app in the nation that involved multiple agencies and different types of transportation by combining efforts between DART in Dallas County, the Fort Worth Transportation Authority (now Trinity Metro) in Tarrant County and the DCTA in Denton County.
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