Summary: Metropolitan Transportation Authority, New York   Triborough Bridge&Tunnel Authority; Miscellaneous Tax - S&P Global Ratings’ Credit Research

Summary: Metropolitan Transportation Authority, New York Triborough Bridge&Tunnel Authority; Miscellaneous Tax

Summary: Metropolitan Transportation Authority, New York   Triborough Bridge&Tunnel Authority; Miscellaneous Tax - S&P Global Ratings’ Credit Research
Summary: Metropolitan Transportation Authority, New York Triborough Bridge&Tunnel Authority; Miscellaneous Tax
Published May 01, 2024
5 pages (2319 words) — Published May 01, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s estimated $1.0 billion series 2024B payroll mobility tax (PMT) senior-lien green bonds consisting of subseries 2024B-1, subseries 2024B-2 PMT senior-lien green bonds, and subseries 2024B-3 PMT senior-lien refunding green bonds. The outlook is stable. The 2024B bonds are secured by pledged revenue consisting of PMT and aid trust account (ATA) revenue. This pledged revenue becomes subject to a statutory lien immediately when transferred from the state comptroller (who transfers the revenue) to the Metropolitan Transportation Authority (MTA) into their specified accounts. PMT revenue consists of a 0.34% employer mobility tax collected from private- and public-sector employers within the Metropolitan Commuter Transportation District (MCTD;

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' long-term rating to the Triborough Bridge & Tunnel Authority (TBTA), N.Y.'s estimated $1.0 billion series 2024B payroll mobility tax (PMT) senior-lien green bonds consisting of subseries 2024B-1, subseries 2024B-2 PMT senior-lien green bonds, and subseries 2024B-3 PMT senior-lien refunding green bonds. + The outlook is stable....

  
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Summary

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Metropolitan Transportation Authority, New York Triborough Bridge&Tunnel Authority; Miscellaneous Tax" May 01, 2024. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Transportation-Authority-New-York-Triborough-Bridge-Tunnel-Authority-Miscellaneous-Tax-3164004>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Metropolitan Transportation Authority, New York Triborough Bridge&Tunnel Authority; Miscellaneous Tax May 01, 2024. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Transportation-Authority-New-York-Triborough-Bridge-Tunnel-Authority-Miscellaneous-Tax-3164004>
  
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