Regional Transportation Authority, IL's $130 Million Series 2025A GO Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research

Regional Transportation Authority, IL's $130 Million Series 2025A GO Bonds Assigned 'AA' Rating

Regional Transportation Authority, IL's $130 Million Series 2025A GO Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research
Regional Transportation Authority, IL's $130 Million Series 2025A GO Bonds Assigned 'AA' Rating
Published Apr 22, 2025
3 pages (1315 words) — Published Apr 22, 2025
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Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to Regional Transportation Authority (RTA), Ill.'s proposed $130 million series 2025A general obligation bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on RTA's previously issued bonds outstanding. The outlook is stable. ENGLEWOOD (S&P Global Ratings) April 22, 2025--S&P Global Ratings today took the rating actions listed above. Regional employers' decisions regarding workforce management to allow fully remote and hybrid schedules--which we anticipate will continue for the foreseeable future--have weakened the ridership and fare revenue for the RTA's service boards. While growing and significant sales tax revenue partly mitigates this for this security pledge, the drop in ridership as a result of changing commuting patterns is a primary

  
Brief Excerpt:

...Kenneth P Biddison Englewood 1-303-721-4321 kenneth.biddison @spglobal.com Andrew Bredeson Englewood 1-303-721-4825 andrew.bredeson @spglobal.com...

  
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MLA:
S&P Global Ratings’ Credit Research. "Regional Transportation Authority, IL's $130 Million Series 2025A GO Bonds Assigned 'AA' Rating" Apr 22, 2025. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Regional-Transportation-Authority-IL-s-130-Million-Series-2025A-GO-Bonds-Assigned-AA-Rating-3356930>
  
APA:
S&P Global Ratings’ Credit Research. (). Regional Transportation Authority, IL's $130 Million Series 2025A GO Bonds Assigned 'AA' Rating Apr 22, 2025. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Regional-Transportation-Authority-IL-s-130-Million-Series-2025A-GO-Bonds-Assigned-AA-Rating-3356930>
  
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