Standard&Poor's Ratings Services has assigned its 'A+' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s $50 million subseries 2012A-2 transportation revenue bonds (TRB), which are being remarketed. On May 15, 2014 (the mandatory tender date), the authority will effect a mandatory tender of on the 2012A-2 bonds. On that date, the MTA expects to remarket the bonds in a term rate mode, whereby the bonds will bear interest at floating rates based on the SIFMA rate plus a fixed rate spread. The outlook is positive. At the same time, Standard&Poor's has assigned its 'A+' underlying rating, and positive outlook, to the authority $200 million subseries 2002D-2 transportation revenue variable-rate refunding bonds, which are being remarketed
