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 Dec 06, 2023
7 pages (2938 words) — Published Dec 06, 2023
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Abstract:

S&P Global Ratings assigned its 'AAA/A-1+' rating and its 'AA-' underlying rating (SPUR) to Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s remarketed general revenue variable-rate refunding bonds, series 2005B-4a, with the 'AAA' long-term rating on the remarketed bonds eligible to be rated above the sovereign based on our joint criteria and because the sovereign rating does not constrain the rating. At the same time, we affirmed the other 'AAA/A-1+' rated (with 'AA-' SPUR) general revenue variable-rate bonds, series 2005B-2a and 2005B-2b, based also on our joint criteria. We also affirmed our 'AA+/A-1' rating and 'AA-' SPUR on the TBTA's general revenue variable-rate bonds, series 2001C, 2003B-1, 2005A, 2005B-3, 2005B-4c, and 2018E, based on our joint criteria. We also affirmed our

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###/A-1+' rating and its '##-' underlying rating (SPUR) to Triborough Bridge & Tunnel Authority (TBTA), N.Y.'s remarketed general revenue variable-rate refunding bonds, series 2005B-4a, with the '###' long-term rating on the remarketed bonds eligible to be rated above the sovereign based on our joint criteria and because the sovereign rating does not constrain the rating. + At the same time, we affirmed the other '###/A-1+' rated (with '##-' SPUR) general revenue variable-rate bonds, series 2005B-2a and 2005B-2b, based also on our joint criteria. + We also affirmed our '##+/A-1' rating and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2001C, 2003B-1, 2005A, 2005B-3, 2005B-4c, and 2018E, based on our joint criteria. + We also affirmed our '##-' long-term rating and SPUR on the authority's general revenue bonds outstanding. + Finally, we affirmed our 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding....

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges" Dec 06, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-Tunnel-Authority-New-York-Joint-Criteria-Toll-Roads-Bridges-3099179>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges Dec 06, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-Tunnel-Authority-New-York-Joint-Criteria-Toll-Roads-Bridges-3099179>
  
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