Chicago Transit Authority

Issuer Overview

Chicago Transit Authority

Issuer Type: Transit

Bond Ratings

1 of 6

Senior Lien Sales Tax Receipts Revenue Bonds

Moody's
A1
S&P
AA
Kroll
AA

Public Building Commission Bonds

Moody's
A2
S&P
A+

Second Lien Sales Tax Receipts Revenue Bonds

S&P
A+
Kroll
AA-

5307 GARVEE Bonds

S&P
A+
Fitch
BBB

5337 GARVEE Bonds

S&P
A+
Fitch
BBB

TIFIA Bonds

S&P
A+
Kroll
AA-

Welcome to Our Investor Relations Site

On behalf of the Chicago Transit Authority (CTA), I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by CTA, as it allows us to make critical investments in public infrastructure throughout the Chicago metropolitan area.

CTA provides the Chicago region with quality, affordable, convenient transportation that connects people, places, and jobs.  Since he was named President in 2015, President Carter has been committed to three key strategic goals: enhancing safety, improving the customer experience, and expanding workforce development with a focus on equity and inclusion. As we move forward in this post-pandemic climate and beyond, President Carter has set forth his vision for the CTA that lays the foundation for the near term and ensures the CTA will continue to fulfill its mission in the years to come.

CTA delivers quality, affordable transit services that link people, jobs, and communities. The CTA mission is focused around both our customers and our workforce. Providing a quality experience is inclusive of, but not limited to, reliability of service, availability of service, safety, security, customer communication, interactions between customers and employees and physical environment. Affordability focuses on providing a range of fare products that meet the various needs of a diverse ridership base and attracts new riders.

CTA has three overarching goals, which were applicable in the past and will continue to be so in the present and future.

  • Safety – CTA aims to ensure that customers and employees have a safe and secure transit system and workplace that prioritizes safety over all aspects of service delivery
  • Customer Experience – CTA places a high priority on putting the customer at the center of every decision made and action taken to ensure its services meet or exceed customer expectations
  • Workforce Development – CTA invests in its workforce to build on past successes and works toward a bright future creating job and learning opportunities with a focus on Diversity, Equity and Inclusion (DEI)

We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.

I hope you find this website useful as you seek to better understand the credit fundamentals of CTA. Please do not hesitate to contact our office with suggestions for how we can improve. Thanks again for your interest in our bond program.

Jeremy V. Fine, Chief Financial Officer