Standard&Poor's Ratings Services has assigned its 'A+' long-term rating to Metropolitan Transportation Authority (MTA), N.Y.'s $500 million series 2014B transportation revenue bonds (TRBs), which it is issuing to finance transit and commuter projects included in approved MTA capital program. The outlook is positive. At the same time, Standard&Poor's affirmed its 'a+' stand-alone credit profile (SACP) rating, 'A+' issuer credit rating (ICR), and 'A+' long-term rating on MTA's TRBs outstanding. Standard&Poor's also affirmed its 'AAA/A-1' rating on the authority's series 2005D TRBs, reflecting the application of its joint criteria with low correlation. We base the ratings on the 'A+' underlying rating on the bonds and the long and short-term ratings on the bank providing the
