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WMATA Bonds

Issuer Type: Transit

Bond Ratings

1 of 4

Dedicated Revenues Bonds

S&P
AA
Fitch
AA
Kroll
AA+

Gross Revenue

S&P
AA-

Gross Revenue Series 2017-1, 2017A-2 and 2017B

Fitch
AA

Gross Revenue Series 2018

Fitch
AA-
Dennis Anosike

On behalf of Washington Metropolitan Area Transit Authority (WMATA), I would like to welcome you to our investor relations website. We appreciate your interest and investment in bonds issued by WMATA, as it allows us to make critical investments in public infrastructure throughout the DC Metro area. 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 WMATA. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.

Dennis Anosike, Chief Financial Officer

News & Highlights

May 19, 2021

News
Metro builds on sustainability mission with issuance of Climate Bonds

Metro today announced the issuance of Climate Bonds Certified green bonds as part of the agency’s commitment to delivering sustainable, cost-effective transportation service to the Washington Metropolitan Region. This green certification confirms that Metro’s planned capital investments support climate change solutions, including within the categories of clean energy and energy efficiency.  Issuing Climate Bonds will help Metro attract more environmentally conscious buyers to increase investor demand and result in a better, more competitive rate for the transit agency.  “This is an important step in supporting sustainability and contributing to the national capital region’s climate change objectives,” said Board Chair Paul C. Smedberg. “This green bond issue funds important capital investments in safety, reliability and Metro’s Energy Action Plan.”   The projected $874 million bond offer, approved by Metro’s Board of Directors last week, will fund capital projects in support of Metro’s \[Energy Action Plan\](https://www.wmata.com/initiatives/sustainability/2025-Energy-Action-Plan.cfm) to reduce energy consumption and improve efficiencies.  “As we build for the future, we recognize Metro’s leadership role to address the region’s climate challenges through sustainable transportation and solutions,” said Metro General Manager/CEO Paul J. Wiedefeld. “Issuing these bonds demonstrates our commitment to support the region’s sustainability goals and helps expand zero- and low-emission public transportation options in the Washington Metropolitan region.”  Over the next six years, Metro will make extensive capital investments in its fleet, traction power and infrastructure that will shape the region’s sustainability efforts. The Climate Bonds are based on the environmentally sustainable elements of the Capital Improvement Program and will finance green infrastructure and climate resiliency projects including:  \* Traction power upgrades to support additional 8-car trains \* Fare collection modernization \* Zero-emission bus system upgrades  \* Bus facility upgrades including Bladensburg and Northern which are expected to meet LEED green building standards The bond offering is verified by Kestrel Verifiers against the Climate Bonds Standard to ensure the proceeds are used exclusively to fund projects with material environmental benefits. Climate Bonds are bonds which have been verified against rigorous criteria to confirm consistency with the 2-degree Celsius warming limit established by the Paris Climate Agreement.  Issuing these bonds aligns with Metro’s commitment to sustainability. As outlined in its \[most recent sustainability report\](https://www.wmata.com/initiatives/sustainability/Annual-Sustainability-Report.cfm), Metro has made an impact on regional sustainability in three primary areas: Livability & Accessibility, Economic Prosperity, and Environmental Impact.  The Climate Bonds will help advance sustainable investments that protect the environment, improve the quality of life of residents and visitors to our region, and help facilitate a transition to a low-carbon economy. Between 2018 and 2020 the amount of debt issued in the Green Bond market in the United States increased by a multiple of six times to $46.9 Billion. Metro’s Series 2021A Bonds, projected at $874 million, represents the fourth largest issuance of Green Bonds since 2020 in the municipal market. For more information on the bond sale, please see the Preliminary Offering Statement here.

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January 25, 2021

News
Building City Resilience: The Power of Partnerships | Presented by JLL

Creating a more resilient, sustainable future will require businesses, governments and citizens to work together to find innovative solutions. JLL, the Washington Metropolitan Area Transit Authority and SunPower are working together in a private-public partnership that will create one of the largest community solar power projects in the U.S. By attaching solar power arrays across 17 acres of its parking lots and garages, Washington Metro can supply 12 MW of clean power to 1,500 homes in the Washington DC area. It will also provide the transit authority with $50 million of revenue over a 25-year period, demonstrating an innovative approach to sustainable solutions. Produced in partnership with JLL.

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July 8, 2020

News
Metro agrees to $50 million deal with SunPower and Goldman Sachs Renewable Power LLC that will drive revenue and create the largest community solar project in the region

Metro has reached a deal worth up to $50 million over 25 years with SunPower Corp. and Goldman Sachs Renewable Power LLC (GSRP). The plan is to install solar paneled carports or canopies over surface lots and above parking garages at four rail stations. The four sites will have a combined 12.8 megawatts of electrical capacity, making this the largest community solar project in the National Capital Area and one of the largest in the nation. Under the agreement, SunPower will install photovoltaic solar panels at Anacostia, Cheverly, Naylor Road, and Southern Avenue stations at no cost to Metro. GSRP will own the solar power system and provide annual payments to Metro through 2047. This will ensure a long-term revenue stream that will support our operations. This project advances the region’s sustainability goals while generating revenue to help keep Metro safe and affordable in an increasingly tight-budget environment.

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