Standard&Poor's Ratings Services has assigned its 'AA-' long-term rating to the Metropolitan Transportation Authority (MTA), N.Y.'s transportation revenue variable-rate bonds series 2011B and subseries 2002G-1f, and 2012G-1, which are all being remarketed. The outlook is stable. On Sept. 10, 2014 (the mandatory tender date), the MTA will effect a mandatory tender of on the 2011B, 2002G-1f, and 2012G-1 bonds. On that date, it expects to terminate the Bank of America N.A. facility related to the 2011B bonds and remarket the bonds in a term rate mode, whereby the bonds will likely bear interest at a variable rate equal to 67% of one month LIBOR plus a per year spread. In case of a failed remarketing, there are only
