...December 4, 2024 NEW YORK (S&P Global Ratings) Dec. 4, 2024--S&P Global Ratings assigned its '##/A-1+' dual rating and 'A-' underlying rating (SPUR) to Metropolitan Transportation Authority (MTA), N.Y.'s remarketed $75 million subseries 2012G-3 transportation revenue variable-rate refunding bonds (remarketing bonds), based on a letter of credit (LOC) provided by Royal Bank of Canada (##-/Stable/A-1+). We also affirmed our 'A-' long-term rating and SPUR on the MTA's transportation revenue bonds (TRBs) outstanding. In addition, we affirmed our '##/A-1+' dual ratings on various MTA variable-rate TRBs with enhancement by LOCs from the Royal Bank of Canada. Finally, we affirmed our '##/A-1' dual ratings on various MTA variable-rate TRBs with enhancement by LOCs from Toronto-Dominion Bank, Bank of America N.A., Bank of Montreal, Barclays Bank PLC, and Truist Bank. The outlook, where applicable, is positive. The '##' long-term component of our rating on the remarketing bonds reflects the application...
