...July 8, 2019 SAN FRANCISCO (S&P Global Ratings) July 8, 2019--S&P Global Ratings assigned its 'SP-1' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s (MTA) proposed $300 million series 2019C transportation revenue bond anticipation notes (BANs). At the same time, S&P Global Ratings affirmed the following ratings: - 'A' issuer credit rating (ICR) and 'a' stand-alone credit profile (SACP) on the MTA; - 'A' long-term rating and underlying rating (SPUR) on the MTA's previously issued transportation revenue bonds (TRBs); - '##/A-1', '##+/A-1', and '##+/A-1+' dual ratings on the MTA's various TRBs outstanding, reflecting the application of our joint criteria, assuming low correlation, and reflecting our 'A' SPUR on the MTA's existing TRBs; and - 'SP-1' short-term rating on the MTA's previously issued transportation revenue bond anticipation notes (BANs). The outlook, where applicable, is negative. "The 'A' rating and 'a' SACP rating reflect our view of such factors...
