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 Oct 03, 2017
7 pages (2734 words) — Published Oct 03, 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 transportation revenue bond anticipation notes (BANs), series 2017C. We also affirmed our 'AA-' long-term rating on the following series of MTA's bonds being remarketed: $99.6 million series 2011B transportation revenue variable-rate bonds (LIBOR floating-rate tender notes); $73.1 million series 2012G-4 transportation revenue variable-rate bonds (LIBOR floating-rate tender notes); and $165.0 million series 2014D-2 transportation revenue variable-rate bonds (SIFMA floating rate tender notes). 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

  
Brief Excerpt:

...S&P Global Ratings assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $700 million transportation revenue bond anticipation notes (BANs), series 2017C. We also affirmed our '##-' long-term rating on the following series of MTA's bonds being remarketed:...

  
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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" Oct 03, 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-1925511>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Note; Transit Oct 03, 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-1925511>
  
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