Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit - S&P Global Ratings’ Credit Research

Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit

Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit - S&P Global Ratings’ Credit Research
Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit
Published Jun 12, 2017
10 pages (4493 words) — Published Jun 12, 2017
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $700 million series 2017B bond anticipation notes. In addition, we assigned our 'AA-' long-term rating to the MTA's estimated $500 million series 2017B-1 transportation revenue green bonds and estimated $300 million series 2017B-2 transportation revenue refunding green bonds (all par amounts subject to market conditions). Finally, we affirmed the following ratings: 'AA-' issuer credit rating (ICR) and 'aa-' stand-alone credit profile (SACP) on the MTA; 'AA-' long-term rating and underlying rating (SPUR) on the MTA's previously issued transportation revenue bonds (TRBs); 'SP-1+' short-term rating on the MTA's previously issued transportation revenue BANs; and 'AAA/A-1+', 'AA+/A-1', and 'AA/A-2' dual ratings on the MTA's other TRBs outstanding,

  
Brief Excerpt:

...S&P Global Ratings assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $700 million series 2017B bond anticipation notes. In addition, we assigned our '##-' long-term rating to the MTA's estimated $500 million series 2017B-1 transportation revenue green bonds and estimated $300 million series 2017B-2 transportation revenue refunding green bonds (all par amounts subject to market conditions). Finally, we affirmed the following ratings:...

  
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Summary

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit" Jun 12, 2017. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Transportation-Authority-New-York-Joint-Criteria-Note-Transit-1866592>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit Jun 12, 2017. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Transportation-Authority-New-York-Joint-Criteria-Note-Transit-1866592>
  
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