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

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