...November 22, 2024 NEW YORK (S&P Global Ratings) Nov. 22, 2024--S&P Global Ratings revised its outlook to stable from negative and affirmed its long-term '##-' rating on the Washington Metropolitan Area Transit Authority's (WMATA or the authority) gross revenue bonds outstanding. "The outlook revision reflects our expectation that WMATA will be able to maintain structural balance in its system operations resulting from sustained and material subsidies, with dedicated taxes from a diverse and significant taxing base across various participating jurisdictions," said S&P Global Ratings credit analyst Joseph Pezzimenti. The stable outlook reflects our expectation that WMATA will adjust revenues and expenses and obtain the operating support needed from key stakeholders to maintain a structural balance. We could lower the rating over the two-year outlook period if we expect WMATA's financial metrics will be materially weaker than expected for an extended period. We could raise the rating over...
