Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Metropolitan Transportation Authority (MTA), N.Y.'s $500 million series 2016A transportation revenue green bonds (climate bond certified; TRBs) and its 'SP-1+' rating to the authority's $700 million transportation revenue bond anticipation notes (BANs). Standard&Poor's also affirmed the following ratings: 'AA-' issuer credit rating (ICR) on the MTA 'AA-' long-term rating and underlying rating (SPUR) on the MTA's previously issued TRBs 'SP-1+' short-term rating on the MTA's $500 million transportation revenue BANs, series 2015A-1 through A-4 (being refunding by the 2016A TRB proceeds) 'AAA/A-1' and AAA/A-1+ long-term ratings on various other TRBs outstanding that reflect the application of joint criteria assuming low correlation The outlook on the above ratings,
