- Language: English
- Published: September 2008
- Region: United States
Metropolitan Boston Transit Parking Corp., MA's 2011 Senior-Lien Parking System Bonds Rated 'A+'; Outlook Stable May 11
- Published: May 2011
- Standard & Poors
NEW YORK (Standard & Poor's) May 27, 2011--Standard & Poor's Ratings Services has assigned its 'A+' rating on the Metropolitan Boston Transit Parking Corp.'s senior-lien parking system revenue bonds series 2011, issued for the Massachusetts Bay Transportation Authority (MBTA). The outlook is stable. "The rating reflects our view of the parking system's overall diversity, the importance of these spaces in supporting mass transit, and the public purpose MBTA serves that we believe would create incentive to operate the parking sites even if individual sites might not be profitable," said Standard & Poor's credit analyst Peter Murphy. The bonds will refund a portion of MBTA's debt maturing in 2012-2017 to provide the authority with some budget relief. The parking system has...
Companies mentioned in this report are: Massachusetts Bay Transp Auth,Metro Boston Transit Pkg Corp
Action: New Rating
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Massachusetts Bay Transp Auth,Metro Boston Transit Pkg Corp