Metropolitan Transportation Authority of New York Subseries 2002G-1f And 2005D-1 Bonds Rated 'BBB+' - S&P Global Ratings’ Credit Research

Metropolitan Transportation Authority of New York Subseries 2002G-1f And 2005D-1 Bonds Rated 'BBB+'

Metropolitan Transportation Authority of New York Subseries 2002G-1f And 2005D-1 Bonds Rated 'BBB+' - S&P Global Ratings’ Credit Research
Metropolitan Transportation Authority of New York Subseries 2002G-1f And 2005D-1 Bonds Rated 'BBB+'
Published Jun 17, 2021
3 pages (1783 words) — Published Jun 17, 2021
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Abstract:

NEW YORK (S&P Global Ratings) June 17, 2021--S&P Global Ratings assigned its 'BBB+' long-term rating to the Metropolitan Transportation Authority of New York's (MTA) $29.145 million subseries 2002G-1f transportation revenue variable-rate refunding bonds and to the MTA's $125.35 million subseries 2005D-1 transportation revenue variable-rate bonds, using its "Global Not-For-Profit Transportation Infrastructure Enterprises" criteria (published Nov. 2, 2020). The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: 'BBB+' long-term rating and underlying rating (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 ratings on various MTA variable-rate TRBs with enhancement by letters of credit from The Toronto-Dominion Bank and U.S.

  
Brief Excerpt:

...June 17, 2021 NEW YORK (S&P Global Ratings) June 17, 2021--S&P Global Ratings assigned its '###+' long-term rating to the Metropolitan Transportation Authority of New York's (MTA) $29.145 million subseries 2002G-1f transportation revenue variable-rate refunding bonds and to the MTA's $125.35 million subseries 2005D-1 transportation revenue variable-rate bonds, using its "Global Not-For-Profit Transportation Infrastructure Enterprises" criteria (published Nov. 2, 2020). The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: - '###+' long-term rating and underlying rating (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 ratings on various MTA variable-rate TRBs with enhancement by letters of credit from The Toronto-Dominion Bank and U.S. Bank N.A.; and - '##-/A-1' dual ratings on various MTA variable-rate TRBs with enhancement...

  
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 Subseries 2002G-1f And 2005D-1 Bonds Rated 'BBB+'" Jun 17, 2021. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-Transportation-Authority-of-New-York-Subseries-2002G-1f-And-2005D-1-Bonds-Rated-BBB-2669011>
  
APA:
S&P Global Ratings’ Credit Research. (). Metropolitan Transportation Authority of New York Subseries 2002G-1f And 2005D-1 Bonds Rated 'BBB+' Jun 17, 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-Subseries-2002G-1f-And-2005D-1-Bonds-Rated-BBB-2669011>
  
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