Metropolitan Transportation Authority, NY Revenue Bonds Rated 'A'; Revenue Notes Rated 'SP-1'

SAN FRANCISCO (S&P Global Ratings) Dec. 19, 2019--S&P Global Ratings assigned the following ratings to the Metropolitan Transportation Authority (MTA), N.Y.: Our 'A' long-term rating to the MTA's proposed estimated $940 million refunding transportation revenue green bonds (TRBs), consisting of $699 million subseries 2020A-1 (fixed rate) and $241 million subseries 2020A-2 (mandatory tender bonds); Our 'A' long-term rating to the MTA's proposed remarketing of its $75 million series 2012G-3 variable-rate refunding TRBs (SIFMA floating-rate tender notes); and Our 'SP-1' short-term rating to the MTA's proposed $1.5 billion series 2020A TRB anticipation notes (BANs), consisting of $800 million subseries 2020A-1 and $700 million subseries 2020A-2S. "The 'A' long-term rating reflects our view of such factors as the MTA's extremely strong economic

...December 19, 2019 SAN FRANCISCO (S&P Global Ratings) Dec. 19, 2019--S&P Global Ratings assigned the following ratings to the Metropolitan Transportation Authority (MTA), N.Y.: - Our 'A' long-term rating to the MTA's proposed estimated $940 million refunding transportation revenue green bonds (TRBs), consisting of $699 million subseries 2020A-1 (fixed rate) and $241 million subseries 2020A-2 (mandatory tender bonds); - Our 'A' long-term rating to the MTA's proposed remarketing of its $75 million series 2012G-3 variable-rate refunding TRBs (SIFMA floating-rate tender notes); and - Our 'SP-1' short-term rating to the MTA's proposed $1.5 billion series 2020A TRB anticipation notes (BANs), consisting of $800 million subseries 2020A-1 and $700 million subseries 2020A-2S. "The 'A' long-term rating reflects our view of such factors as the MTA's extremely strong economic fundamentals, very strong management and governance, very strong financial flexibility, strong liquidity, and very low industry...

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