Metropolitan Transportation Authority Of New York Revenue Bond Rating Outlook Revised To Stable From Negative - S&P Global Ratings’ Credit Research

Metropolitan Transportation Authority Of New York Revenue Bond Rating Outlook Revised To Stable From Negative

Metropolitan Transportation Authority Of New York Revenue Bond Rating Outlook Revised To Stable From Negative - S&P Global Ratings’ Credit Research
Metropolitan Transportation Authority Of New York Revenue Bond Rating Outlook Revised To Stable From Negative
Published Mar 18, 2021
3 pages (1635 words) — Published Mar 18, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) March 18, 2021--S&P Global Ratings revised the outlook to stable from negative and affirmed its ratings on the Metropolitan Transportation Authority (MTA) of New York's transportation revenue bonds (TRBs) outstanding. At the same time, S&P Global Ratings assigned its 'BBB+' long-term rating to the MTA's $200 million subseries 2002D-2 remarketed transportation revenue refunding bonds (secured overnight financing rate tender notes. The following ratings were affirmed: 'BBB+' long-term rating and underlying rating (SPUR) on the MTA's TRBs outstanding; 'SP-2' short-term rating on the MTA's previously issued TRB bond anticipation notes (BANs); 'AA-/A-1+' dual ratings on various MTA variable-rate TRBs with enhancement by letters of credit from Toronto Dominion Bank and U.S. Bank N.A.; and 'AA-/A-1' dual

  
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 Revenue Bond Rating Outlook Revised To Stable From Negative" Mar 18, 2021. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-Of-New-York-Revenue-Bond-Rating-Outlook-Revised-To-Stable-From-Negative-2613626>
  
APA:
S&P Global Ratings’ Credit Research. (). Metropolitan Transportation Authority Of New York Revenue Bond Rating Outlook Revised To Stable From Negative Mar 18, 2021. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-Of-New-York-Revenue-Bond-Rating-Outlook-Revised-To-Stable-From-Negative-2613626>
  
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