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Fitch Rates Metropolitan Trans Auth (NY) Trans Rev Bonds 'A'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A' rating to the Metropolitan Transportation Authority (MTA), New York's approximately $500 million transportation revenue bonds, series 2015C. The 2015C bonds are expected to consist of subseries 2015C-1 (fixed rate), subseries 2015C-2 (mandatory tender bonds) and subseries 2015C-3 (LIBOR floating rate tender notes). Actual par amounts for each subseries will be determined closer to pricing and market conditions. The Rating Outlook is S

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