...NEW YORK (Standard & Poor's) June 10, 2015--Standard & Poor's Ratings Services has assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s pro forma $500 million transportation revenue bond anticipation notes, series 2015A. At the same time, Standard & Poor's affirmed its ratings on the MTA's parity debt outstanding. The outlook is stable. The 'SP-1+' ratings reflects our '##-' long-term rating on the revenue bonds. "The rating further reflects what we consider a low market risk profile, strong market access, and strong information disclosure," said Standard & Poor's credit analyst Joseph Pezzimenti. The 2015A notes mature Feb. 29, 2016. The authority intends to use note proceeds to finance transit and commuter projects. The stable outlook reflects our expectation that the MTA will maintain an extremely strong enterprise risk profile and strong financial risk profile. We could lower the rating in the next two years if demand is lower than forecast,...
