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Metropolitan Transportation Authority, NY Transportation Revenue Bond Rating Raised To 'A+' On New Criteria Application

Published Feb 18, 2014

1179 words — Published Feb 18, 2014

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Abstract:

NEW YORK (Standard&Poor's) Feb. 18, 2014--Standard&Poor's Ratings Services raised its long-term rating to 'A+' from 'A' on Metropolitan Transportation Authority (MTA), N.Y.'s transportation revenue bonds (TRBs) outstanding. The raised rating reflects the application of Standard&Poor's new rating criteria, "General Criteria: Mass Transit Enterprise Ratings: Methodology And Assumptions", published Dec. 18, 2013. Also, in accordance with the revised criteria, we assigned MTA a stand-alone credit profile (SACP) of 'a+' and an issuer credit rating (ICR) of 'A+'. The outlook is positive. (Watch the related CreditMatters TV segment titled, "What Spurred Standard&Poor?s Rating Action And Outlook Revision On New York?s MTA Transportation Bonds," dated March 7, 2014.) At the same time, Standard&Poor's

Brief Excerpt:

RESEARCH Metropolitan Transportation Authority, NY Transportation Revenue Bond Rating Raised To 'A+' On New Criteria Application Publication date: 18-Feb-2014 Primary Credit Analyst: Joseph J Pezzimenti, New York (1) 212-438-2038;...

Report Type:

Ratings Action

Issuer

Metropolitan Transportation Authority

Sector

Public Finance

Country

United States

Region

United States

Format:

PDF

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Deutsche Bank Securities Inc. Receipts Series DBE-1177 'AAA/A-1', 'AAA', And 'AAA' Ratings Off Watch Developing – 2014/02/27 – US$ 150.00

Merrill Lynch Puttable FLOATs/RITES Trust Series PT-2994 'AA+/A-2' And 'AA+' Ratings Off Watch Developing – 2014/02/27 – US$ 150.00

JPMorgan Securities PUTTERs&DRIVERs Trust Series 4327 Ratings Raised To 'A+/A-1' And 'A+'; Off Watch Developing – 2014/02/27 – US$ 150.00

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Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Transit – 2014/02/18 – US$ 225.00

JPMorgan Securities PUTTERs&DRIVERs Trust Series 4327 'A/A-1' And 'A' Ratings Placed On Watch Developing – 2013/12/31 – US$ 150.00

Deutsche Bank Securities Inc. Receipts Series DBE-1169 'AAA/A-1' And 'AAA' Ratings Placed On Watch Developing – 2013/12/31 – US$ 150.00

Deutsche Bank Securities Inc. Receipts Series DBE-1177 'AAA/A-1' And 'AAA' Ratings Placed On Watch Developing – 2013/12/31 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Metropolitan Transportation Authority, NY Transportation Revenue Bond Rating Raised To 'A+' On New Criteria Application" Feb 18, 2014. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-Transportation-Revenue-Bond-Rating-Raised-To-A-On-New-Criteria-Application-1271908>

APA:	S&P Global Ratings’ Credit Research. (). Metropolitan Transportation Authority, NY Transportation Revenue Bond Rating Raised To 'A+' On New Criteria Application Feb 18, 2014. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-Transportation-Revenue-Bond-Rating-Raised-To-A-On-New-Criteria-Application-1271908>

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