...January 8, 2024 DALLAS (S&P Global Ratings) Jan. 8, 2024--S&P Global Ratings raised its long-term rating on the New York State Thruway Authority's (NYSTA) general revenue bonds outstanding to 'A+' from 'A'. S&P Global Ratings also raised its long-term rating on NYSTA's general revenue junior indebtedness obligations (JIOs) outstanding to 'A' from 'A-'. At the same time, we assigned our 'A+' rating to NYSTA's pro forma $1 billion series P general revenue bonds. The outlook on all ratings is stable. "The raised rating reflects NYSTA's financial resiliency and recently approved annual toll rate increases, which we expect will allow NYSTA to maintain financing margins as it issues debt to fund its capital needs," said S&P Global Ratings credit analyst Ladunni Okolo. The stable outlook reflects our expectation that NYSTA will increase toll rates and adjust expenses and capital spending as needed to maintain strong financial metrics as it issues debt to fund its capital plan, and if traffic volumes...