Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges - S&P Global Ratings’ Credit Research

Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges

Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges - S&P Global Ratings’ Credit Research
Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges
Published Jan 06, 2017
9 pages (4064 words) — Published Jan 06, 2017
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings has assigned its 'AA-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $265 million series 2017A general revenue bonds and $400 million series 2017B general revenue refunding bonds. The outlook is stable. The series 2017A bonds are being issued to finance bridge and tunnel projects. The series 2017B refunding bonds, depending on market conditions, will be issued to refinance certain TBTA general revenue bonds outstanding for debt service savings without extending maturities. S&P Global Ratings also affirmed its 'AA-' and 'A+' underlying ratings (SPURs), with a stable outlook, on the authority's general revenue bonds and subordinate revenue bonds outstanding. In addition, S&P Global Ratings affirmed its 'AAA/A-1+' ratings and SPUR on the TBTA's

  
Brief Excerpt:

...S&P Global Ratings has assigned its '##-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $265 million series 2017A general revenue bonds and $400 million series 2017B general revenue refunding bonds. The outlook is stable. The series 2017A bonds are being issued to finance bridge and tunnel projects. The series 2017B refunding bonds, depending on market conditions, will be issued to refinance certain TBTA general revenue bonds outstanding for debt service savings without extending maturities. S&P Global Ratings also affirmed its '##-' and 'A+' underlying ratings (SPURs), with a stable outlook, on the authority's general revenue bonds and subordinate revenue bonds outstanding. In addition, S&P Global Ratings affirmed its '###/A-1+' ratings and SPUR on the TBTA's general revenue variable-rate bonds, series 2001B; and its '##+/A-1' ratings and SPUR on the authority's general revenue variable-rate bonds, series 2001C, 2002F, and 2005B-3. These ratings reflect...

  
Report Type:

Summary

Issuer
Triborough Bridge&Tunnel Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges" Jan 06, 2017. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-Tunnel-Authority-New-York-Joint-Criteria-Toll-Roads-Bridges-1781150>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges Jan 06, 2017. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-Tunnel-Authority-New-York-Joint-Criteria-Toll-Roads-Bridges-1781150>
  
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