Kroll Bond Rating Agency (KBRA) released a report that examines the funding provided to KBRA-rated transit systems by Coronavirus Aid, Relief, and Economic Security (CARES) Act grants.

Grants available through the CARES Act are a vital resource to U.S. transit system operations now buffeted by drastic ridership reductions and looming sharp declines in sales tax revenues, as a result of social distancing and stay-at-home measures related to the coronavirus (COVID-19) pandemic. In this report, KBRA examines the allocation of funds, permissible uses, and sufficiency to bridge the pandemic/recessionary environment.

Click here to view the report.