On March 31, 2018, New York State (GO debt rating: AA+/Stable) adopted an on-time 2019 budget that includes new funding for the Metropolitan Transportation Authority (MTA; issuer credit rating A+/Negative) in the form of a 75-cent, $2.50, and $2.75 surcharge on, respectively, pooled-, taxi-, and ride-hailing car services…
Apr. 10, 2018