credit-rating

MTA credit rating downgraded to A

• Outstanding debt 2.5 times size of projected revenue for 2018
• S&P indicated a sustainable source of funding needed to prevent more downgrages
• A is five ratings above junk
• Source: Alexandra Scaggs, "New York's MTA downgraded by S&P," Financial Times, August 9, 2018. link
• Tags: credit-rating