S&P Global Ratings assigned its 'AA-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s proposed $2.0 billion series 2017C transportation revenue refunding green bonds (climate bond certified), consisting of $1.8 billion series 2017C-1 and $200 million series 2017C-2 (capital appreciation bonds). Final par amounts and subseries detail are subject to market conditions at pricing. 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 BANs; and 'AAA/A-1+', 'AA+/A-1', and 'AA/A-2' dual ratings on the MTA's other TRBs outstanding, reflecting the application of our
