Los Angeles County Metropolitan Transportation Authority, CA Note Rating Revised To 'A-1'

NEW YORK (S&P Global Ratings) April 26, 2019--S&P Global Ratings corrected by assigning its 'A-1' rating to Los Angeles County Metropolitan Transportation Authority, Calif.'s second subordinate sales tax revenue commercial paper notes. The correction is due to an analytical error that didn't factor the letter of credit provider, Citibank N.A., into the rating.
S&P Global Ratings also assigned its 'A-1' rating to the authority's series A-TE CITI and series A-T CITI notes.
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