NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘A’ rating to the Metropolitan
Transportation Authority, New York’s (MTA) approximately $500 million
transportation revenue bonds, series 2013A. Fitch also affirms the ‘A’
rating on approximately $16.4 billion in outstanding MTA transportation
revenue bonds. The Rating Outlook is Stable.
KEY RATING DRIVERS:–Strategic Importance: The MTA transportation
network is essential to the economy of the New York region, with New
York City Transit carrying an average of 8 million daily subway and bus
riders and Metro-North Commuter Railroad (MNCR) and Long Island Railroad
carrying another 528,000 daily commuter rail passengers.
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