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Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Transit Dec 10 Product Image

Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Transit Dec 10

  • ID: 1795367
  • December 2010
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • Metropolitan Transp Auth
  • MORE

Abstract
Standard & Poor's Ratings Services has assigned its 'A' long-term rating and stable outlook to Metropolitan Transportation Authority (MTA), N.Y.'s series 2010E transportation revenue bonds. At the same time, Standard & Poor's affirmed its 'A' long-term rating on the authority's approximately $14 billion existing transportation revenue bonds. The outlook is stable. In addition, Standard & Poor's affirmed its ratings on MTA's series 2002G-1 and 2005D transportation revenue bonds, reflecting the application of our joint criteria with low correlation. We base these ratings on the 'A' underlying rating on the bonds and the long-term and short-term ratings on the banks providing the letters of credit that support the bonds. The ratings also reflect our view of MTA as mass transit provider...

Companies mentioned in this report are:
- Metropolitan Transp Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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