Coronavirus and Shelter-in-Place Order Puts Bay Area Rapid Transit System in Financial Jeopardy

In Politics by Michael Rae

Last year, Standard and Poor’s assigned BART general obligation bonds its top AAA rating, noting the system’s “exceptionally deep and very diverse regional economic base, prudent management, and consistently positive operating performance.” But none of these factors are likely to be enough to save the transit system from catastrophic revenue

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