Metropolitan Transportation Authority, NY 2017A Bonds Assigned 'AA-' Ratings; 2017A BANs Rated 'SP-1+'

SAN FRANCISCO (S&P Global Ratings) Jan. 9, 2017--S&P Global Ratings assigned its 'AA-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $200 million series 2017A-1 transportation revenue green bonds (TRBs; Climate Bond Certified) and $100 million series 2017A-2 refunding transportation revenue bonds. At the same time, we assigned our 'SP-1+' short-term rating to the MTA's $700 million series 2017A transportation revenue bond anticipation notes (BANs). In addition, we affirmed the following ratings: 'AA-' issuer credit rating (ICR) and 'aa-' stand-alone credit profile (SACP) on the MTA; 'AA-' long-term rating and underlying rating (SPUR) on the MTA's previously issued TRBs; 'SP-1+' short-term rating on the MTA's previously issued transportation revenue BANs; and 'AAA/A-1+', 'AA+/A-1', and 'AA/A-2' dual ratings on the

...(Editor's Note: Since the original report published Jan. 9, 2017, a series name has changed and a subseries has been added. A corrected version follows.) SAN FRANCISCO (S&P Global Ratings) Jan. 9, 2017--S&P Global Ratings assigned its '##-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $200 million series 2017A-1 transportation revenue green bonds (TRBs; Climate Bond Certified) and $100 million series 2017A-2 refunding transportation revenue bonds. At the same time, we assigned our 'SP-1+' short-term rating to the MTA's $700 million series 2017A transportation revenue bond anticipation notes (BANs). In addition, we affirmed the following ratings: + '##-' issuer credit rating (ICR) and '##-' stand-alone credit profile (SACP) on the MTA; + '##-' long-term rating and underlying rating (SPUR) on the MTA's previously issued TRBs; + 'SP-1+' short-term rating on the MTA's previously issued transportation revenue BANs; and + '###/A-1+', '##+/A-1', and '##/A-2' dual...

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