March 23, 2023 2023-MS0014 Triborough Bridge&Tunnel Authority, N.Y.'s (TBTA capital lockbox, city sales tax) series 2023A sales tax revenue bonds Morgan Stanley Bank N.A. Morgan Stanley&Co. LLC Morgan Stanley&Co. LLC Term S&P Global Ratings assigned the above-mentioned ratings to the floater and residual certificates (collectively the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the certificates. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and liquidity facility, which is in place to support tender payments on the floaters. The long-term component of our rating on the floaters reflects the ratings on