Metropolitan Transportation Authority Of New York 2002G-1h, 2012A-3 Transportation Revenue Bonds Assigned 'BBB+' Rating - S&P Global Ratings’ Credit Research

Metropolitan Transportation Authority Of New York 2002G-1h, 2012A-3 Transportation Revenue Bonds Assigned 'BBB+' Rating

Metropolitan Transportation Authority Of New York 2002G-1h, 2012A-3 Transportation Revenue Bonds Assigned 'BBB+' Rating - S&P Global Ratings’ Credit Research
Metropolitan Transportation Authority Of New York 2002G-1h, 2012A-3 Transportation Revenue Bonds Assigned 'BBB+' Rating
Published Jan 19, 2022
4 pages (1865 words) — Published Jan 19, 2022
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Abstract:

NEW YORK (S&P Global Ratings) Jan. 19, 2022--S&P Global Ratings assigned its 'BBB+' long-term rating to the Metropolitan Transportation Authority of New York's (MTA) remarketed $32.475 million subseries 2002G-1h and $50 million subseries 2012A-3 transportation revenue variable-rate refunding bonds (secured overnight financing rate tender notes). The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: 'BBB+' long-term rating and SPUR on the MTA's transportation revenue bonds (TRBs) outstanding; 'SP-2' short-term rating on the MTA's previously issued TRB bond anticipation notes (BANs); 'AA-/A-1+' dual rating on various MTA variable-rate TRBs with enhancement by letters of credit (LOCs) from The Toronto-Dominion Bank; 'AA-/A-1' dual rating on various MTA variable-rate TRBs with enhancement by LOCs from Bank of

  
Brief Excerpt:

...January 19, 2022 NEW YORK (S&P Global Ratings) Jan. 19, 2022--S&P Global Ratings assigned its '###+' long-term rating to the Metropolitan Transportation Authority of New York's (MTA) remarketed $32.475 million subseries 2002G-1h and $50 million subseries 2012A-3 transportation revenue variable-rate refunding bonds (secured overnight financing rate tender notes). The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: - '###+' long-term rating and SPUR on the MTA's transportation revenue bonds (TRBs) outstanding; - 'SP-2' short-term rating on the MTA's previously issued TRB bond anticipation notes (BANs); - '##-/A-1+' dual rating on various MTA variable-rate TRBs with enhancement by letters of credit (LOCs) from The Toronto-Dominion Bank; - '##-/A-1' dual rating on various MTA variable-rate TRBs with enhancement by LOCs from Bank of America N.A., Bank of Montreal, Barclays Bank PLC, and PNC Bank N.A.; and - '##-/A-2' dual rating on the MTA's variable-rate...

  
Report Type:

Ratings Action

Issuer
Metropolitan Transportation Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Metropolitan Transportation Authority Of New York 2002G-1h, 2012A-3 Transportation Revenue Bonds Assigned 'BBB+' Rating" Jan 19, 2022. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-Of-New-York-2002G-1h-2012A-3-Transportation-Revenue-Bonds-Assigned-BBB-Rating-2782638>
  
APA:
S&P Global Ratings’ Credit Research. (). Metropolitan Transportation Authority Of New York 2002G-1h, 2012A-3 Transportation Revenue Bonds Assigned 'BBB+' Rating Jan 19, 2022. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-Of-New-York-2002G-1h-2012A-3-Transportation-Revenue-Bonds-Assigned-BBB-Rating-2782638>
  
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