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Material Event Notices and Voluntary Notices, Current Year

Updated Mar 29, 2024

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Bond calls/redemption notices/defeasance

Transportation Revenue Bonds Series 2012B, 2012C, 2012E, 2012H, 2013A, 2013C, 2014A-1, 2014B, 2020A-2, 2020C-2
Notice of Defeasance and Prior Designation for Redemption for Certain Transportation Revenue Bonds, dated March 27, 2024

Payroll Mobility Tax Senior Lien Bonds, Subseries 2021A-2
Notice of Defeasance for PMT Subseries 2021A-2 (Tax-Exempt Mandatory Tender Bonds) (CUSIP 89602HAC1) on March 27, 2024

Transportation Revenue Variable Rate Refunding Bonds, Subseries 2020B-2
Notice of Partial Redemption of TRB Subseries 2020B-2 ($33.27 million on CUSIP 59261AN37), on March 6, 2024

Transportation Revenue Variable Rate Bonds Subseries 2005E-1 and 2005E-2
Notice of Partial Redemptions of the TRB Subseries 2005E-1 ($21.07 million on CUSIP 59261AM38) and TRB Subseries 2005E-2 ($14.96 m on CUSIP 59261ASD0), on January 8, 2024

Letter of Credit (LOC) Substitutions

Transportation Revenue Variable Rate Refunding Bonds, Subseries 20202B-1 and 2020B-2
Notice of Letter of Credit Facility Substitution (CUSIPs 59161AL70 and 59261AN37) on March 20, 2024.  

Mandatory Tender Notices

Transportation Revenue Variable Rate Refunding Bonds Subseries 2002D-2a-1 and Subseries 2002D-2b and Transportation Revenue Variable Rate Bonds, Subseries 2005D-1
Notices of Mandatory Tender (CUSIPs 59261AL47, 59261AL62, 59261AM20) on March 28, 2024

Transportation Revenue Variable Rate Refunding Bonds Subseries 2020B-1 and Subseries 2020B-2
Notices of Mandatory Tender (CUSIPs 59261AL70 and 59261AN37) on March 20, 2024

Ratings actions

On March 8, 2024, Fitch Ratings upgraded its long-term enhanced ratings on ten existing subseries of Transportation Revenue Variable Rate Bonds to 'AAA', and affirmed the 'AAA' on two existing subseries, as a result of the Fitch Ratings upgrade on the underlying rating on Transportation Revenue Bonds to 'AA' on March 7, 2024.  See the Fitch release for more information.

On March 7, 2024, Fitch Ratings upgraded MTA's Transportation Revenue Bonds to 'AA' from 'A' with a stable outlook, under the application of Fitch's revised Government-Related Entities Rating Criteria.  See the Fitch rating action release for more information.

Financial obligations

None at this time.