- Published: August 2009
- Region: United States
Chicago Transit Authority, IL Federal Formula Fund Ratings Affirmed At 'A' Sep 09
- Published: September 2009
- Standard & Poors
NEW YORK (Standard & Poor's) Sept. 4, 2009--Standard & Poor's Ratings Services affirmed its 'A' rating on the Chicago Transit Authority's (CTA or authority) $325 million capital grant receipts revenue bonds outstanding (Federal Transit Administration Section 5309 Fixed Guideway Modernization Formula Funds). Standard & Poor's also affirmed the rating on the authority's $532.7 million Federal Transit Administration Section 5307 Urbanized Area Formula Funds outstanding. "The ratings reflect our view of the essential nature of the CTA, the Chicago region's largest mass transit system and the nation's second-largest mass transit system," said Standard & Poor's credit analyst Laura Kuffler-Macdonald. The ratings also reflect a demonstrated federal commitment to the federal mass transit programs, as well as political and popular support. Offsetting...
Companies mentioned in this report are: Chicago Transit Auth
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.
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.
SHOW LESS READ MORE >
Chicago Transit Auth