San Francisco Municipal Transportation Agency's Proposed Series 2021C Bonds Scored E1/79 On Green Transaction Evaluation
S&P Global Ratings has assigned a score of E1/79 to the San Francisco Municipal Transportation Agency's proposed Series 2021C bonds. This represents the highest score on their evaluation scale. $235 million will be raised for projects aimed at enhancing transportation efficiency and reducing greenhouse gas emissions in San Francisco. Key initiatives include procuring electric light rail vehicles and upgrading infrastructure. These efforts are expected to accelerate the city's transition towards more sustainable transit solutions.
- Assigned E1/79 score, highest on the scale.
- Funding of $235 million for green projects.
- Initiatives expected to improve transport efficiency and reduce greenhouse gas emissions.
- None.
SAN FRANCISCO, Feb. 2, 2021 /PRNewswire/ -- S&P Global Ratings said today that in its Green Transaction Evaluation of the San Francisco Municipal Transportation Agency's (SFMTA's) Proposed Series 2021C bonds it scored the transaction as E1/79. E1 is the highest score on our scale and E4 is the lowest. S&P Global Ratings considered
"In our view, the projects will directly improve the efficiency of transportation in San Francisco and reduce associated greenhouse gas (GHG) emissions," said Henrik Cotran, the primary contact. "The expected investments in mass transit vehicles, systems, and infrastructure will serve to accelerate San Francisco's shift to more energy-efficient and lower-emissions forms of transportation."
SFMTA plans to issue
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SOURCE S&P Global Ratings
FAQ
What is the score assigned to SFMTA's Series 2021C bonds by S&P Global Ratings?
How much funding is being raised through the Series 2021C bonds?
What projects will be funded by the SFMTA's Series 2021C bond proceeds?
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What is the significance of the E1 score in the green transaction evaluation?
