SAN FRANCISCO (S&P Global Ratings) Oct. 2, 2019--S&P Global Ratings assigned its 'SP-1' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s proposed $600 million series 2019E transportation revenue bond anticipation notes (BANs). The BAN proceeds will be used to finance existing approved transit and commuter projects. As of Sept. 6, 2019, the MTA had a consolidated debt position of $44 billion. "The 'SP-1' rating on the BANs reflects what we consider a low market risk profile, strong market access, and strong information disclosure," said S&P Global Ratings credit analyst Paul Dyson. In addition, the 'SP-1' rating reflects our 'A' long-term rating and underlying rating (SPUR) on the MTA's transportation revenue bonds and our 'A' issuer credit rating (ICR) on
