...NEW YORK (Standard & Poor's) Jan. 8, 2015--Standard & Poor's Ratings Services has assigned its '##-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s transportation revenue bonds (TRB) series 2015A. The outlook is stable. At the same time, Standard & Poor's affirmed its '##-' issuer credit rating (ICR) and '##-' long-term rating on the MTA's TRBs outstanding. As well, Standard & Poor's affirmed its '###/A-1' rating on the authority's series 2005D TRBs. "In part, the rating reflects our view of the MTA's very low industry risk and extremely strong economic fundamentals," said Standard & Poor's credit analyst Joseph Pezzimenti. Bond proceeds will finance transit and commuter projects included in the MTA's approved capital programs. We believe the authority has a strong market position, given its monopolistic business position in the New York area and its good overall demand trends, due to the essentiality of its various mass transit services and tunnel and bridge...
