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Metropolitan Transportation Authority, NY 2019A DTF BANs Assigned 'SP-1+' Rating

Published Mar 06, 2019

3 pages (1502 words) — Published Mar 06, 2019

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About This Report

Abstract:

CHICAGO (S&P Global Ratings) March 6, 2019--S&P Global Ratings assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s approximately $750 million series 2019A dedicated tax fund (DTF) bond anticipation notes (BANs). At the same time, we affirmed our 'AA' long-term and underlying ratings on the MTA's outstanding DTF bonds. The outlook is stable. We also affirmed our 'AAA/A-1+' rating on the series 2008A-1 DTF variable-rate refunding bonds based on a joint support with a letter of credit (LOC; for more information on this series, please refer to our analysis, published June 13, 2017, on RatingsDirect) and affirmed our 'AA+/A-1' rating on the series 2002B-1 DTF variable-rate bonds based on a joint support with a LOC (for more

Brief Excerpt:

...Primary Credit Analyst: Timothy W Little, Chicago + 1 (312) 233-7052; timothy.little@spglobal.com Secondary Contact: David G Hitchcock, New York (1) 212-438-2022; david.hitchcock@spglobal.com...

Report Type:

Ratings Action

Issuer

Metropolitan Transportation Authority

Sector

Public Finance

Country

United States

Region

United States

Format:

PDF

Bulletin: Metropolitan Transportation Authority, NY Credit Could Benefit From State Budget Adoption Of Congestion Pricing – 2019/04/04 – Free

Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit – 2019/05/03 – US$ 225.00

Summary: Metropolitan Transportation Authority, New York; Note – 2019/05/13 – US$ 225.00

Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit – 2019/05/23 – US$ 225.00

Metropolitan Transportation Authority, NY Revenue BANs Assigned 'SP-1' Rating – 2019/07/08 – US$ 150.00

Metropolitan Transportation Authority, New York; Gas Tax; Joint Criteria; Note – 2019/03/06 – US$ 500.00

Summary: Metropolitan Transportation Authority, New York; Gas Tax; Joint Criteria; Note – 2019/03/06 – US$ 225.00

Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit – 2019/03/06 – US$ 225.00

Summary: George K. Baum&Co. (Series 2019-FG0227); Residual Certificates; Tender Option Certificates/Bonds – 2019/02/21 – US$ 225.00

Metropolitan Transportation Authority, NY Revenue Bonds Assigned 'A' Rating – 2019/01/25 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Metropolitan Transportation Authority, NY 2019A DTF BANs Assigned 'SP-1+' Rating" Mar 06, 2019. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-2019A-DTF-BANs-Assigned-SP-1-Rating-2176465>

APA:	S&P Global Ratings’ Credit Research. (). Metropolitan Transportation Authority, NY 2019A DTF BANs Assigned 'SP-1+' Rating Mar 06, 2019. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-2019A-DTF-BANs-Assigned-SP-1-Rating-2176465>

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