Metropolitan Transportation Authority

The move would not resolve structural budget gaps, according to the rating agency.

New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.

The transit agency — its revenues battered, its credit standing weakened and with no federal rescue aid in sight — looks to borrow its remaining $2.9 billion available through the Municipal Liquidity Facility.

How effectively bus and train operators can serve commuters coming out of the coronavirus pandemic remains a big question.

The two-notch lowering to A-minus precedes the transit agency's planned $258 million negotiated sale of transportation revenue refunding green bonds.

Municipals held firm Friday as the market gets set for another week of hefty supply. Citi anticipates $550 billion in 2021, led by surge in taxable issuance.

Officials from New York's MTA and the Long Island village are working on a project to build in what is now a commuter train station parking lot.

New York MTA inspector general rails at lax contractor evaluations

Annual debt service could spike to $4 billion by 2024, or up 55% since 2019, making up 24% of the agency's total revenues, Thomas DiNapoli said.

Municipal bond issuers are coming market at a 26.2% faster pace than they were at this point last year.

The transit authority, reeling from the effects of the coronavirus, takes another hit from Wall Street.

In a federal complaint, they accuse the fund manager of increasing risky bets while the market was imploding from the coronavirus pandemic.

A project to bring train service to LaGuardia Airport is closer to breaking ground despite the fiscal headwinds created by the COVID-19 pandemic.

Pledging the payroll mobility tax would get the authority a lower Municipal Liquidity Facility interest rate, board member Lawrence Schwartz said.

Lisa Daglian, executive director of the Permanent Citizens Advisory Committee to the MTA, and MTA board member Andrew Albert say supporting mass transit is the best way to rejuvenate the economy in New York and nationally. Paul Burton hosts. (27 minutes)

With Congress gridlocked over the coronavirus rescure package, the nation's largest trasit authority may have to look for other options.

The Puerto Rico Housing Finance Authority may issue $250 million of tax-exempt capital fund modernization program refunding bonds the week of Sept. 28.

"Yields are just still so remarkably low," a New York City trader said.

Municipals held firm ahead of a strong supply stream of bonds in a calendar heavy with taxable and green bond deals.

The rating agency lowered the authority's transportation revenue bonds to A3 from A2, citing again the effects of the coronavirus.