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

S&P Global Ratings assigned its 'AA-' long-term and underlying rating (SPUR) to the Triborough Bridge&Tunnel Authority, N.Y.'s (TBTA) pro forma $400 million series 2022A general revenue bonds. In addition, we affirmed our 'AA-' long-term rating and SPUR on the authority's general revenue bonds outstanding. We affirmed our 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding. We affirmed our 'AAA/A-1+' rating and 'AA-' SPUR on the authority's general revenue variable-rate bonds, series 2003B-1, 2005B-2a, 2005B-2b, and 2005B-4C, with the 'AAA' long-term rating on these bonds eligible to be rated above the sovereign based on our joint criteria and because the sovereign rating does not constrain the rating. We affirmed our 'AA+/A-1' rating and 'AA-' SPUR

...+ S&P Global Ratings assigned its '##-' long-term and underlying rating (SPUR) to the Triborough Bridge & Tunnel Authority, N.Y.'s (TBTA) pro forma $400 million series 2022A general revenue bonds. + In addition, we affirmed our '##-' long-term rating and SPUR on the authority's general revenue bonds outstanding. + We affirmed our 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding. + We affirmed our '###/A-1+' rating and '##-' SPUR on the authority's general revenue variable-rate bonds, series 2003B-1, 2005B-2a, 2005B-2b, and 2005B-4C, with the '###' long-term rating on these bonds eligible to be rated above the sovereign based on our joint criteria and because the sovereign rating does not constrain the rating. + We affirmed our '##+/A-1' rating and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2005A and 2018E. + The rating actions reflect our expectation that TBTA's enterprise risk and financial risk profiles will remain extremely...

Summary