Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Metropolitan Transportation Authority (MTA), N.Y.'s $340 million series 2015F transportation revenue refunding bonds. The outlook is stable. Standard&Poor's also affirmed the following ratings: Its 'AA-' issuer credit rating (ICR) on the MTA; Its 'AA-' long-term rating and underlying rating (SPUR) on the MTA's previously issued transportation revenue bonds (TRBs); Its 'SP-1+' short-term rating on the MTA's previously issued transportation revenue bond anticipation notes (BANs); and Its 'AAA/A-1' and 'AAA/A-1+' dual ratings on various other TRBs outstanding, reflecting the application of our joint criteria assuming low correlation. The outlook on the above ratings, where applicable, is stable. The 'AA-' ICR, long-term rating, and SPUR reflect our view of
