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. The 'AA' rating reflects the application of our priority-lien criteria , published Oct. 22, 2018, on RatingsDirect, which factors in both the strength and stability of the pledged revenue as well as RTA's general credit quality. A first lien on sales tax receipts and public transportation fund revenue secures the bonds, with pledged revenue flowing first to the trustee and then to RTA. Bond proceeds will be used to finance a portion of the costs incurred
