NEW YORK (Standard&Poor's) May 1, 2014--Standard&Poor's Ratings Services has assigned its 'A+' long-term rating, and positive outlook, to the Metropolitan Transportation Authority (MTA) N.Y.'s $50 million subseries 2012A-2 transportation revenue bonds (TRB), which are being remarketed. On May 15, 2014 (the mandatory tender date), the authority will effect a mandatory tender on the 2012A-2 bonds. On that date, the MTA expects to remarket the bonds in a term rate mode, whereby the bonds will bear interest at floating rates based on the Securities Industry And Financial Markets Association (SIFMA) rate plus a fixed rate spread. At the same time, Standard&Poor's has assigned its 'A+' underlying rating, and positive outlook, to the MTA's $200 million
