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 Sep 08, 2017
11 pages (4724 words) — Published Sep 08, 2017
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $150 million transportation revenue refunding green bonds, series 2017B (climate bond certified). At the same time, we withdrew our 'AA-' long-term ratings on the MTA's $500 million series 2017B-1 transportation revenue green bonds and $300 million series 2017B-2 transportation revenue refunding green bonds, assigned on June 12, 2017, given that those two issues never sold. We also 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 bond anticipation notes (BANs);

  
Brief Excerpt:

...S&P Global Ratings assigned its '##-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $150 million transportation revenue refunding green bonds, series 2017B (climate bond certified). At the same time, we withdrew our '##-' long-term ratings on the MTA's $500 million series 2017B-1 transportation revenue green bonds and $300 million series 2017B-2 transportation revenue refunding green bonds, assigned on June 12, 2017, given that those two issues never sold. We also 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" Sep 08, 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-1912428>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit Sep 08, 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-1912428>
  
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