Washington Metropolitan Area Transit Authority, District of Columbia; Toll Roads Bridges; Transit

S&P Global Ratings revised its outlook to stable from negative and affirmed its long-term 'AA-' rating on the Washington Metropolitan Area Transit Authority, D.C.'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. This rating action does not affect the rating on WMATA's dedicated revenue bonds, which are rated under different criteria. For more information, see our analysis, published June 21, 2024, on RatingsDirect. The bonds are secured by gross revenue of the authority, including operating revenue (exclusive of lease revenue and

...+ S&P Global Ratings revised its outlook to stable from negative and affirmed its long-term '##-' rating on the Washington Metropolitan Area Transit Authority, D.C.'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. + This rating action does not affect the rating on WMATA's dedicated revenue bonds, which are rated under different criteria. For more information, see our analysis, published June 21, 2024, on RatingsDirect....

Full Report