Metropolitan Transportation Authority, NY $1.2 Billion BANs Assigned 'SP-1' Rating On Strong Market Access, Low Risk - S&P Global Ratings’ Credit Research

Metropolitan Transportation Authority, NY $1.2 Billion BANs Assigned 'SP-1' Rating On Strong Market Access, Low Risk

Metropolitan Transportation Authority, NY $1.2 Billion BANs Assigned 'SP-1' Rating On Strong Market Access, Low Risk - S&P Global Ratings’ Credit Research
Metropolitan Transportation Authority, NY $1.2 Billion BANs Assigned 'SP-1' Rating On Strong Market Access, Low Risk
Published Aug 30, 2019
2 pages (1070 words) — Published Aug 30, 2019
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Aug. 30, 2019--S&P Global Ratings assigned its 'SP-1' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s (MTA) proposed $1 billion series 2019D-1 and $200 million series 2019D-2 transportation revenue bond anticipation notes (BANs). "The BAN proceeds will be used to finance existing approved transit and commuter projects," said S&P Global Ratings credit analyst Paul Dyson. "The rating reflects our view of what we consider a low market risk profile, strong market access, and strong information disclosure," Mr. Dyson added. The series 2019D-1 BANs have a proposed final maturity of Sept. 1, 2022, while the series 2019D-2 BANs have a proposed final maturity of July 1, 2020.

  
Report Type:

Ratings Action

Issuer
Metropolitan Transportation Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Metropolitan Transportation Authority, NY $1.2 Billion BANs Assigned 'SP-1' Rating On Strong Market Access, Low Risk" Aug 30, 2019. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-1-2-Billion-BANs-Assigned-SP-1-Rating-On-Strong-Market-Access-Low-Risk-2291891>
  
APA:
S&P Global Ratings’ Credit Research. (). Metropolitan Transportation Authority, NY $1.2 Billion BANs Assigned 'SP-1' Rating On Strong Market Access, Low Risk Aug 30, 2019. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-1-2-Billion-BANs-Assigned-SP-1-Rating-On-Strong-Market-Access-Low-Risk-2291891>
  
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