...March 7, 2024 NEW YORK (S&P Global Ratings) March 7, 2024--S&P Global Ratings assigned its 'A-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s pro forma $1.2 billion series 2024A transportation revenue refunding green bonds. At the same time, S&P Global Ratings affirmed its 'A-' long-term rating and underlying rating (SPUR) on the MTA's transportation revenue bonds (TRBs) outstanding. We also affirmed the '##' 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. Finally, we affirmed the '##' 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 MTA's improving ridership performance as well as increased financial...
