Summary: Metropolitan Transportation Authority of New York; Joint Criteria; Note; Transit

S&P Global Ratings assigned its 'BBB+' long-term rating to the Metropolitan Transportation Authority of New York's (MTA) $29.145 million subseries 2002G-1f transportation revenue variable-rate refunding bonds and to the MTA's $125.35 million subseries 2005D-1 transportation revenue variable-rate bonds, using its "Global Not-For-Profit Transportation Infrastructure Enterprises" criteria (published Nov. 2, 2020). The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: 'BBB+' long-term rating and underlying rating (SPUR) on the MTA's transportation revenue bonds (TRBs) outstanding; 'SP-2' short-term rating on the MTA's previously issued TRB bond anticipation notes (BANs); 'AA-/A-1+' dual ratings on various MTA variable-rate TRBs with enhancement by letters of credit from The Toronto-Dominion Bank and U.S. Bank N.A.; and 'AA-/A-1' dual ratings on

...S&P Global Ratings assigned its '###+' long-term rating to the Metropolitan Transportation Authority of New York's (MTA) $29.145 million subseries 2002G-1f transportation revenue variable-rate refunding bonds and to the MTA's $125.35 million subseries 2005D-1 transportation revenue variable-rate bonds, using its "Global Not-For-Profit Transportation Infrastructure Enterprises" criteria (published Nov. 2, 2020). The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: + '###+' long-term rating and underlying rating (SPUR) on the MTA's transportation revenue bonds (TRBs) outstanding; + 'SP-2' short-term rating on the MTA's previously issued TRB bond anticipation notes (BANs); + '##-/A-1+' dual ratings on various MTA variable-rate TRBs with enhancement by letters of credit from The Toronto-Dominion Bank and U.S. Bank N.A.; and + '##-/A-1' dual ratings on various MTA variable-rate TRBs with enhancement by letters of credit from Bank of America N.A., Bank of...

Summary