...October 15, 2024 NEW YORK (S&P Global Ratings) Oct. 15, 2024--S&P Global Ratings assigned its 'A-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s pro forma $485 million series 2024B transportation revenue refunding green bonds (climate bond certified). We also affirmed our 'A-' long-term rating and underlying rating (SPUR) on the MTA's transportation revenue bonds (TRBs) outstanding. In addition, we affirmed our '##' long-term component and 'A-1+' short-term component of our dual ratings on various MTA variable-rate TRBs with enhancement by letters of credit (LOCs) from The Toronto-Dominion Bank and the Royal Bank of Canada. Finally, we affirmed our '##' long-term component and 'A-1' short-term component of our dual ratings on various MTA variable-rate TRBs with enhancement by LOCs from Bank of America N.A., Bank of Montreal, Barclays Bank PLC, and PNC Bank N.A. The outlook, where applicable, is positive. "The rating reflects an essential extensive transit system...
