S&P Global Ratings assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s proposed $500 million series 2018 transportation revenue bond anticipation notes (BANs). At the same time, we assigned our 'AA-' long-term rating to MTA's $500 million transportation revenue bonds (TRBs; mandatory tender bonds), consisting of approximately $200 million series 2018A-1 and approximately $300 million series 2018A-2. Final par amounts and subseries detail are subject to market conditions at pricing. 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 TRBs; 'SP-1+' short-term rating on the MTA's previously issued transportation revenue BANs; and 'AAA/A-1+', 'AA+/A-1',
