WMATA

Fitch: Five Transit Agencies on “Rating Watch Negative”

Fitch Ratings has placed the ratings of five large U.S. public transit agencies on “Rating Watch Negative.” Fitch said it “expects widespread and sharp declines in transit ridership and fare revenues to create significant near-term stress in the U.S. public transit sector with the [agencies] identified here at the greatest risk. Some transit agencies in major urban areas that have already been impacted by the pandemic are reporting ridership declines of as much as 70% to 90% amid efforts at social distancing, a widespread shift to telecommuting and shelter-in-place orders.”

WMATA’s new safety watchdog

The Federal Transit Administration (FTA) has outlined the process by which primary responsibility for federal safety oversight of the Washington Metropolitan Area Transit Authority (WMATA) Metrorail rapid transit system will transfer from FTA to the Metrorail Safety Commission (MSC).

D.C.’s SSO Program certified by FTA

The District of Columbia (D.C.) obtained Federal Transit Administration (FTA) certification for its rail transit State Safety Oversight (SSO) Program, becoming the fourth state or entity to be certified.