1. Home
  2. Investor information
  3. MTA Investor Information Archive
  4. MTA 2017 Investor Information

MTA 2017 Investor Information

This ARCHIVE contains information provided for historical purposes only. Each document contained in this portion of the MTA website is marked with a Dated Date and speaks only as of that Dated Date. Readers are cautioned not to assume that any information has been updated beyond the Dated Date unless a document expressly states that it constitutes an update of a specific portion of a document. MTA, its affiliates and subsidiaries expressly disclaim any duty to provide an update of any document contained in this section.

Municipal Advisor Disclosure

Independent Registered Municipal Advisor (IRMA) Exemption Letter, updated January 11, 2017

The MTA intends that market participants receive and use the above letter for purposes of the independent registered municipal advisor exemption to the Securities and Exchange Commission's (SEC's) Municipal Advisor Rule. This IRMA exemption letter may be relied upon through December 18, 2019, unless withdrawn or modified by the MTA. 

Debt Portfolio Information

Metropolitan Transportation Authority Credit Ratings

MTA Credit

Moody's

Standard & Poor's

Fitch

Kroll Bond Rating Agency

Transportation Revenue

A1

AA-

A

AA+

Dedicated Tax Fund

NAF

AA

AA

NAF

TBTA - Senior Resolution

Aa3

AA-

AA-

AA

TBTA - Subordinate Resolution

A1

A+

A+

AA-

State Service Contract

NAF

AA

AA

NAF

Disclosure Filings and Financial Reports

Annual Combined Continuing Disclosure Filings

Quarterly Updates to Annual Disclosure Statement

Comprehensive Annual Financial Report

State of New York Annual Audited Financial Statements

Financing Agreements

On May 5, 2015, MTA entered into a financing agreement with the United States, represented by the Secretary of Transportation, acting through the Federal Railroad Administrator, to finance costs incurred by MTA in connection with the installation of the federally required Positive Train Control Systems on its commuter rail tracks. For more details, see the summary and financing agreement and the supplemental resolution that went before the MTA Board in April 2015. The approved financing is for a total of $967,100,000, and as any draws are made on the loan, the information will be added to the table below.

RRIF Loan Draws (TRB 2015X Issuance)

Draw Date

Amount

Maturity Date

9/20/2016

$146,472,065

11/15/2037

On August 24, 2017, MTA entered into a $350 million taxable revolving credit agreement with JPMorgan Chase Bank, National Association that is active through August 24, 2022. An initial draw of $3.5 million was made upon closing. This balance will remain throughout the duration of the agreement. In the event that there are any additional draws on this line of credit, that information will be indicated below. For more information, see the credit agreement.

Green Bonds - Climate Bond Certification

MTA has issued several series of bonds that have been designated as “Climate Bond Certified” pursuant to the Climate Bonds Initiative (CBI) Climate Bond Standards Version 2.0 (and its successor Version 2.1), using the Low Carbon Transport criteria. Set forth below are links to various instruments prepared by third parties relating to these bonds. Such instruments do not constitute representations by MTA and MTA assumes no responsibility for any statements contained therein.

Certification and Verification Documents

MTA Annual Compliance Certification

MTA Carbon Emissions Reporting

MTA is endeavoring to voluntarily identify and track instances of greenhouse emissions and the measures taken toward their avoidance, in order to work effectively towards reducing its own carbon footprint while contributing to the public’s understanding of the role mass transit plays in reducing carbon emissions. MTA is a Founding Member of The Climate Registry and annually reports data via The Climate Registry Information System (free login required). The latest verified reports are available there as well as below.

Hudson Rail Yards Trust Obligations

HRY Trust Obligations - Official Statement

Official Statements and Remarketing Circulars

Transportation Revenue Bonds

Triborough Bridge and Tunnel Authority General Revenue Bonds

Triborough Bridge and Tunnel Authority Subordinate Revenue Bonds

None at this time.

Dedicated Tax Fund Revenue Bonds

Material Event Notices

Bond Calls/Redemption Notices/Defeasance

Letter of Credit (LOC) Substitutions

Mandatory Tender Notices

Ratings Actions

Voluntary Disclosure Notices

Voluntary Bank Loan Disclosure: On August 24, 2017, MTA entered into a $350 million taxable Revolving Credit Agreement with JPMorgan Chase Bank, National Association, active until August 24, 2022. For more information see under Financing Agreements. (404)

Policies and Guidelines

Disclosure Policies

MTA TBTA Investment Policies and Guidelines

Summaries of MTA Bond Resolutions