MTA 2018 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.

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

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

None at this time

Material Event Notices

Bond Calls/Redemption Notices/Defeasance

  • TBTA Subordinate Subseries 2013D-2a and 2013D-2b (Federally Taxable)
    Notice of Redemption on December 12, 2018 for certain TBTA Subordinate Revenue bonds, dated November 21, 2018
  • TBTA Series 2009A-2
    Notice of Defeasance and Refunding and Designation of Certain Bonds for Prior Redemption, dated August 30, 2018
  • TBTA Subordinate Series 2008D
    Notice of Defeasance and Refunding and Designation of Certain Bonds for Prior Redemption, dated August 30, 2018
  • TBTA Series 2008C
    Notice of Defeasance and Refunding and Designation of Certain Bonds for Prior Redemption, dated August 30, 2018
  • TRB Series 2008C
    Notice of Defeasance and Refunding and Designation of Certain Bonds for Prior Redemption, dated August 23, 2018
  • TRB Series 2015E
    Notice of Redemption of certain Transportation Revenue Variable Rate Bonds, Series 2015E, dated August 3, 2018
  • DTF Subseries 2008B-3a
    Notice of Redemption of Dedicated Tax Fund Refunding Bonds, Subseries 2008B-3a (SIFMA Floating Rate Tender Notes), dated July 24, 2018

Letter of Credit (LOC) Substitutions

  • TBTA Series 2002F
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by Citibank, N.A., dated October 30, 2018
  • TRB Subseries 2015E-3
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by Bank of America, NA, dated September 5, 2018
  • TRB Subseries 2015E-4_2015E-5
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by PNC Bank, NA (subseries consolidated into one 2015E-4), dated September 5, 2018
  • TRB Subseries 2005E-1
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by PNC Bank, NA, dated August 22, 2018
  • TRB Subseries 2005E-3
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by PNC Bank, NA, dated August 22, 2018
  • TBTA Subseries 2005B-3
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by State Street Bank and Trust Company, dated June 27, 2018
  • TBTA Series 2001C
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by State Street Bank and Trust Company, dated June 27, 2018
  • TBTA Subseries 2005B-2
    Notice of Substitution of Credit Facility with new Irrevocable Direct Pay LOC by Citibank, N.A., dated January 24, 2018
  • TBTA Subseries 2003B-1 and 2003B-3
    Notice of Substitution of Credit Facilities with new Irrevocable Direct Pay LOC by Bank of America, N.A (subseries consolidated into one 2003B-1), dated January 24, 2018

Mandatory Tender Notices

  • TBTA Subseries 2005B-4c and 2005B-4d
    Notice of Mandatory Tender and Intent to Change Mode (CUSIPs 89602NYU2 and 89602N4N1), on November 28, 2018
  • TBTA Series 2002F
    Notice of Mandatory Tender and Substitution of Alternate Credit Facility (CUSIP 89602NCG7), on October 30, 2018
  • TRB Subseries 2002G-1f
    Notice of Mandatory Tender (CUSIP 59259YJ59), on October 30, 2018
  • TRB Subseries 2005D-1
    Notice of Mandatory Tender and Mode Change (CUSIP 59259YAG4), on October 30, 2018
  • TBTA Series 2001B
    Notice of Mandatory Tender for TBTA Series 2001B (CUSIP 89602NSP0), on September 26, 2018
  • TRB Subseries 2015E-3
    Notice of Mandatory Tender, Substitution of Alternate Credit Facility and Intention to Change Mode for TRB Subseries 2015E-3 (CUSIP 59259Y7C7), on September 5, 2018
  • TRB Subseries 2015E-4 2015E-5
    Notice of Mandatory Tender and Substitution of Alternate Credit Facility (CUSIPs 59259Y7E3 and 59259Y7M5), on September 5, 2018
  • TRB Subseries 2015E-2
    Notice of Mandatory Tender (CUSIP 59259Y7B9), on September 5, 2018
  • TRB Subseries 2005E-1
    Notice of Mandatory Tender, Substitution of Alternate Credit Facility and Intention to Change Mode for TRB Subseries 2005E-1 (CUSIP 59259YTZ2), on August 22, 2018
  • TRB Subseries 2005E-3
    Notice of Mandatory Tender and Substitution of Alternate Credit Facility for TRB Subseries 2005E-3 (CUSIP 59259YUB3), on August 22, 2018
  • TBTA Subseries 2005B-3
    Notice of Mandatory Tender, Substitution of Alternate Credit Facility, and Intention to Change Mode for TBTA Subseries 2005B-3 (CUSIP 89602NGX6), on June 27, 2018.
  • TBTA Series 2001C
    Notice of Mandatory Tender, Substitution of Alternate Credit Facility, and Intention to Change Mode for TBTA Series 2001C (CUSIP 89602NSQ8), on June 27, 2018.
  • TRB Subseries 2002D-2b
    Notice of Mandatory Tender for TRB Subseries 2002D-2b (Floating Rate Tender Notes) (CUSIP 59259YX79), on March 29, 2018
  • TBTA Subseries 2003B-1 and 2003B-3
    Notice of Mandatory Tender, Substitution of Alternate Credit Facility, and Intention to Change Mode for TBTA Subseries 2003B-1 (CUSIP 89602NWU4) and 2003B-3 (CUSIP 89602NWW0), on January 24, 2018
  • TBTA Subseries 2005B-2
    Notice of Mandatory Tender Notice of Mandatory Tender and Substitution of an Alternate Credit Facility for TBTA Subseries 2005B-2 (CUSIP 89602N2B9), on January 24, 2018

Ratings Actions

On December 13, 2018, Moody’s Investors Service revised the outlook to negative from stable, while affirming the A1 rating on MTA’s Transportation Revenue Bonds
On August 9, 2018, S&P Global Ratings downgraded MTA's Enhanced TRB Subseries 2005D-1, 2005D-2, and 2015E-2 to 'AA' as result of its downgrade of MTA’s Transportation Revenue Bonds on the same day
On August 9, 2018, S&P Global Ratings downgraded MTA’s Transportation Revenue Bonds from ‘A+’ to ‘A’ with a negative outlook, using its Mass Transit Enterprise Ratings criteria, and downgraded MTA’s Transportation Revenue Bond Anticipation Notes from ‘SP-1+’ to ‘SP-1’ at the same time.
On June 22, 2018, Fitch upgraded long term and short term ratings on MTA's VRDBs supported by Letters of Credit from Bank of America N.A. as result of its 6/21/18 upgrade of Bank of America Corporation on June 21, 2018.

  • TBTA Subordinate Subseries 2013D-2a and 2013D-2b long term ratings were upgraded to "AA+" and short term ratings to "F1+"
  • TRB Subseries 2005E-2 short term rating was upgraded to "F1+"
  • TBTA Subseries 2003B-1 short term rating was upgraded to "F1+"

On March 12, 2018 S&P downgraded MTA's Enhanced TRB Subseries 2002G-1g, 2012G-2, 2015E-1 and 2015E-5 to 'AA+' as result of its downgrade of MTA’s Transportation Revenue Bonds on the same day
On March 12, 2018, S&P Global Ratings downgraded MTA’s Transportation Revenue Bonds from ‘AA-’ to ‘A+’ with a negative outlook, using its Mass Transit Enterprise Ratings criteria
On Feb 22, 2018, Fitch Ratings downgraded the long term ratings on MTA's Enhanced TRB Subseries 2015E-1 and 2015E-5 to 'AA+' as result of its 2/21/18 downgrade of US Bank to ‘AA-’

Voluntary Disclosure Notices

Voluntary Private Placement Disclosure: On September 5, 2018, MTA’s TRB Subseries 2015E-2 bonds were remarketed via a private placement. The next Mandatory Purchase Date for the TRB Subseries 2015E-2 is September 5, 2023. The bonds have a new CUSIP, 59261AXA0. For details and more information see under Financing Agreements. (404)
Voluntary Bank Loan Disclosure: On August 14, 2018, MTA amended its taxable Revolving Credit Agreement with JPMorgan Chase Bank, National Association, increasing it to $700 million. The Agreement is active until August 24, 2022. For more information see under Financing Agreements. (404)