S&P Lowers Short-Term Rating On Metropolitan Transportation Authority, NY's Series 2005D-1 Bonds To 'AAA/A-2' - S&P Global Ratings’ Credit Research

S&P Lowers Short-Term Rating On Metropolitan Transportation Authority, NY's Series 2005D-1 Bonds To 'AAA/A-2'

S&P Lowers Short-Term Rating On Metropolitan Transportation Authority, NY's Series 2005D-1 Bonds To 'AAA/A-2' - S&P Global Ratings’ Credit Research
S&P Lowers Short-Term Rating On Metropolitan Transportation Authority, NY's Series 2005D-1 Bonds To 'AAA/A-2'
Published Apr 11, 2016
Published Apr 11, 2016
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 11, 2016--Standard&Poor's Ratings Services corrected by lowering its short-term rating on Metropolitan Transportation Authority, N.Y.'s series 2005D-1 variable-rate demand transportation revenue bonds to 'AAA/A-2' from 'AAA/A-1'. The long-term component rating is based jointly, assuming low correlation, on the ratings on the obligor, Metropolitan Transportation Authority, and the letter of credit provider, Bank of the West. The short-term rating component is based solely on the short-term rating of Bank of the West.

  
Report Type:

Ratings Action

Issuer
Metropolitan Transportation Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "S&P Lowers Short-Term Rating On Metropolitan Transportation Authority, NY's Series 2005D-1 Bonds To 'AAA/A-2'" Apr 11, 2016. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Lowers-Short-Term-Rating-On-Metropolitan-Transportation-Authority-NY-s-Series-2005D-1-Bonds-To-AAA-A-2-1613479>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Lowers Short-Term Rating On Metropolitan Transportation Authority, NY's Series 2005D-1 Bonds To 'AAA/A-2' Apr 11, 2016. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Lowers-Short-Term-Rating-On-Metropolitan-Transportation-Authority-NY-s-Series-2005D-1-Bonds-To-AAA-A-2-1613479>
  
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