Metropolitan Transportation Authority, NY's Series 2017C-2 Bond Rating Revised To 'AA-' From 'AA' - S&P Global Ratings’ Credit Research

Metropolitan Transportation Authority, NY's Series 2017C-2 Bond Rating Revised To 'AA-' From 'AA'

Metropolitan Transportation Authority, NY's Series 2017C-2 Bond Rating Revised To 'AA-' From 'AA' - S&P Global Ratings’ Credit Research
Metropolitan Transportation Authority, NY's Series 2017C-2 Bond Rating Revised To 'AA-' From 'AA'
Published Jan 11, 2018
2 pages (957 words) — Published Jan 11, 2018
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About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) Jan. 11, 2018--S&P Global Ratings has corrected by lowering its rating on Metropolitan Transportation Authority, N.Y.'s series 2017C-2 (capital appreciation bonds) due 2027, 2029, 2032-2033, and 2039-2040 to 'AA-' from 'AA'. The outlook is stable. On Nov. 29, 2017, the enhanced bond insurance rating was applied to these maturities due to an administrative error; these maturities are not covered by a bond insurance policy. At the same time, S&P Global Ratings has corrected by withdrawing its 'AA-' underlying rating (SPUR) on the same bonds.

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Issuer
Metropolitan Transportation Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Metropolitan Transportation Authority, NY's Series 2017C-2 Bond Rating Revised To 'AA-' From 'AA'" Jan 11, 2018. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-s-Series-2017C-2-Bond-Rating-Revised-To-AA-From-AA-1979724>
  
APA:
S&P Global Ratings’ Credit Research. (). Metropolitan Transportation Authority, NY's Series 2017C-2 Bond Rating Revised To 'AA-' From 'AA' Jan 11, 2018. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-NY-s-Series-2017C-2-Bond-Rating-Revised-To-AA-From-AA-1979724>
  
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