Southeastern Pennsylvania Transportation Authority Strike Poses Minimal Risks to Bondholders
ISSUER COMMENT U.S. PUBLIC FINANCE NOVEMBER 7, 2016 Southeastern Pennsylvania Transportation Authority Strike Poses Minimal Risks to Bondholders From Credit Outlook Last Monday, the Southeastern Pennsylvania Transportation Authority’s (SEPTA, A1 stable) contract with the Transportation Workers Union Local 234 expired, and the union’s 4,700 workers went on strike. The work stoppage has halted most
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