NY MTA delays $608 mln BAB sale -- market source
NEW YORK |
NEW YORK Feb 3 (Reuters) - The New York Metropolitan Transportation Authority's $608 million Build America Bond sale that was expected to price on Wednesday has been delayed, according to a market source.
It was not immediately clear when the debt will be offered, said the source, who requested anonymity.
The delay follows Moody's Investors Service's one-notch downgrade of the MTA transportation revenue bonds to A3. (Reporting by Caryn Trokie; Editing by Dan Grebler)
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