S&P Global Ratings assigned its 'AA/A-1' dual rating and 'A-' underlying rating (SPUR) to the Metropolitan Transportation Authority (MTA), N.Y.'s remarketed $50 million series 2002D-2a-1, $100 million series 2002D-2b, and $105.825 million series 2005D-1 transportation revenue variable-rate refunding bonds (remarketing bonds) with enhancement by a letter of credit (LOC) from Truist Bank. The outlook, where applicable, is positive. The 'AA' long-term component of our dual rating reflects the application of our joint criteria and assumes low correlation between the obligor, MTA, and our long-term issuer credit rating on Truist Bank; and addresses our expectation of full and timely interest and principal payments when the bondholders have not exercised the put option. The 'A-1' short-term component of our rating is based
