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Metropolitan Transportation Authority Credit Ratings

Updated Aug 12, 2025

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MTA/TBTA Credit Ratings

Core Credits Moody's Ratings S&P Global Ratings Fitch Ratings Kroll Bond Rating Agency (KBRA)
Transportation Revenue A2 (Stable outlook) A (Stable outlook) AA (Stable outlook) AA (Stable outlook)
Dedicated Tax Fund Not applied for AA (Stable outlook) AA (Stable outlook) Not applied for
Payroll Mobility Tax Not applied for AA+ (Stable outlook) AA+ (Stable outlook) AA+ (Stable outlook)
Sales Tax Revenue (TBTA Capital Lockbox - City Sales Tax) Not applied for AA+ (Stable outlook) AAA (Stable outlook) Not applied for
Real Estate Transfer Tax Revenue (TBTA Capital Lockbox Fund) A1 (Stable outlook) A+ (Stable outlook) Not applied for AA (Stable outlook)
TBTA - General Revenue Resolution (Senior Lien) Aa3 (Stable outlook) AA- (Stable outlook) AA- (Stable outlook) AA (Stable outlook)
TBTA - Subordinate Resolution A1 (Stable outlook) A+ (Stable outlook) A+ (Stable outlook) AA- (Stable outlook)
TBTA - Second Subordinate Resolution A1 (Stable outlook) Not applied for A+ (Stable outlook) Not applied for

Other obligations

Obligation Moody's Ratings S&P Global Ratings Fitch Ratings Kroll Bond Rating Agency (KBRA)
Hudson Rail Yard Trust Obligations A3 (Stable outlook) Not applied for Not applied for A- (Stable outlook)