Outlook for public mass transit remains dim

Published February 15, 2024 8:08am ET



(The Center Square) – Mass transit agencies across the country could continue to struggle this year with depressed ridership as federal funding is set to expire.

S&P Global Ratings, one of three major credit rating agencies, gave the public transit sector a negative outlook as challenges pile up for operators while they spend down more than $70 billion in federal aid given out during the COVID-19 pandemic.

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