Standard&Poor's Ratings Services raised its long-term rating to 'A+' from 'A' on Metropolitan Transportation Authority (MTA), N.Y.'s transportation revenue bonds outstanding. The raised rating reflects the application of Standard&Poor's revised rating criteria, "General Criteria: Mass Transit Enterprise Ratings: Methodology And Assumptions", published Dec. 18, 2013. Also, in accordance with the revised criteria, we assigned MTA a stand-alone credit profile (SACP) of 'a+' and an issuer credit rating (ICR) of 'A+'. The outlook is positive, reflecting our view that the rating stands at least a one-in-three chance of being raised within the two year outlook period if MTA experiences modest year-over-year increases in ridership while maintaining a strong financial risk profile, and assuming MTA does not experience
