WMATA Bonds

Thank you for your interest in the Washington Metropolitan Area Transit Authority. This site gives investors direct access to the information they need to evaluate Metro’s credit.

Created by interstate compact in 1967, Metro operates Metrorail, the nation’s second-busiest heavy rail system, along with Metrobus and MetroAccess, serving more than 4 million people across the national capital region. In 2025, the American Public Transportation Association named Metro the Outstanding Public Transit Agency of the Year.

Our bonds are secured by $470 million a year in Dedicated Capital Funding from the District of Columbia, Maryland, and Virginia, which covered fiscal 2026 debt service 2.18 times. Our Dedicated Revenue Bonds are rated AA/AA/AA+ by S&P, Fitch, and KBRA; our Second Lien bonds AA/AA by S&P and KBRA; and our Gross Revenue Bonds AA-/AA by S&P and Fitch. The signatories have paid their dedicated funding in full and on time, and our jurisdictions have paid their operating subsidies without interruption for 50 years.

Looking ahead, the region’s DMVMoves initiative recommends $460 million a year in new capital funding for Metro, growing 3% annually, to support long-term investment in the system. We will keep investors updated as this effort moves forward.

Our financial statements, budgets, capital program, quarterly reports, official statements, rating reports, and funding agreements are all available here. Please contact me or Joy Graham, Senior Director of Debt Management, with any questions.

Robert Haas, Vice President and Treasurer