Summary: Washington Metropolitan Area Transit Authority; Appropriations; General Obligation - S&P Global Ratings’ Credit Research

Summary: Washington Metropolitan Area Transit Authority; Appropriations; General Obligation

Summary: Washington Metropolitan Area Transit Authority; Appropriations; General Obligation - S&P Global Ratings’ Credit Research
Summary: Washington Metropolitan Area Transit Authority; Appropriations; General Obligation
Published Jun 21, 2024
6 pages (2550 words) — Published Jun 21, 2024
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Abstract:

S&P Global Ratings assigned its 'AA' rating to the Washington Metropolitan Area Transit Authority's (WMATA) series 2024A second-lien dedicated revenue bonds. S&P Global Ratings also affirmed its 'AA' rating on parity WMATA dedicated revenue bonds. The outlook is stable. The rating reflects our view of the weakest credit quality of the three dedicated revenue funding commitments on a joint and several basis as per our multiple revenue stream analysis because each revenue stream is necessary to pay debt service on the bonds. We analyzed each commitment under our "Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness" criteria (published Nov. 20, 2019, on RatingsDirect), which incorporate the general credit quality, or general obligation (GO) rating, of the three jurisdictions

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##' rating to the Washington Metropolitan Area Transit Authority's (WMATA) series 2024A second-lien dedicated revenue bonds. + S&P Global Ratings also affirmed its '##' rating on parity WMATA dedicated revenue bonds. + The outlook is stable....

  
Report Type:

Summary

Issuer
Washington Metropolitan Area Transit Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Washington Metropolitan Area Transit Authority; Appropriations; General Obligation" Jun 21, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-Metropolitan-Area-Transit-Authority-Appropriations-General-Obligation-3201357>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Washington Metropolitan Area Transit Authority; Appropriations; General Obligation Jun 21, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-Metropolitan-Area-Transit-Authority-Appropriations-General-Obligation-3201357>
  
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