1837 ET [Dow Jones]--Uncertainty about New York congestion pricing is a concern for Metropolitan Transportation Authority ratings, S&P and Fitch write. S&P gives an A- rating to the MTA's $700 million of transportation revenue refunding green bonds and affirms its A- long-term rating on transportation revenue bonds outstanding. "Clarity on how the MTA plans to fund its capital programs is an important credit consideration," S&P writes. "Recurring funding solutions by key stakeholders will be key, especially if congestion pricing is halted or revenues from it materially underperform," the firm says. Fitch, which has AA ratings for the green bonds and outstanding TRBs, notes that the 2020-2024 capital plan assumes $15 billion in borrowing capacity supported by congestion pricing. In February, the Trump administration said it rescinded federal approval of the tolling system. The MTA said it would continue to collect the toll, which went into effect Jan. 5. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 18:43 ET (22:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。