Summary: Metropolitan Transportation Authority, New York; Joint Criteria; Transit Dec 10
- ID: 1795367
- December 2010
- Region: New York
- Standard & Poors
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: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >