Metropolitan Transportation Authority, NY Series 2005D-2 And 2012G-4 Bonds Rated ?AA-/A-1? And ?BBB+?

NEW YORK (S&P Global Ratings) Oct. 27, 2022--S&P Global Ratings assigned its 'AA-/A-1' dual rating and 'BBB+' long-term and underlying rating (SPUR) to Metropolitan Transportation Authority (MTA), N.Y.'s remarketed $75.1 million subseries 2005D-2 and $70.625 million subseries 2012G-4 transportation revenue variable-rate bonds (remarketing bonds) with enhancement by letters of credit (LOCs) from Bank of Montreal. The outlook, where applicable, is stable. At the same time, S&P Global Ratings affirmed its 'BBB+' SPUR on the MTA's transportation revenue bonds (TRBs) outstanding; its 'SP-2' short-term rating on the MTA's previously issued TRB bond anticipation notes (BANs); its 'AA-/A-1+' dual rating on various MTA variable-rate TRBs with enhancement by LOCs from The Toronto-Dominion Bank; and its 'AA-/A-1' dual rating on various MTA variable-rate

...October 27, 2022 NEW YORK (S&P Global Ratings) Oct. 27, 2022--S&P Global Ratings assigned its '##-/A-1' dual rating and '###+' long-term and underlying rating (SPUR) to Metropolitan Transportation Authority (MTA), N.Y.'s remarketed $75.1 million subseries 2005D-2 and $70.625 million subseries 2012G-4 transportation revenue variable-rate bonds (remarketing bonds) with enhancement by letters of credit (LOCs) from Bank of Montreal. The outlook, where applicable, is stable. At the same time, S&P Global Ratings affirmed its '###+' SPUR on the MTA's transportation revenue bonds (TRBs) outstanding; its 'SP-2' short-term rating on the MTA's previously issued TRB bond anticipation notes (BANs); its '##-/A-1+' dual rating on various MTA variable-rate TRBs with enhancement by LOCs from The Toronto-Dominion Bank; and its '##-/A-1' dual rating 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...

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