S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s senior lien PMT bonds series 2022D-1a,2022D-1b, and 2022D-2. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the authority's $4.98 billion of senior-lien payroll mobility tax (PMT) bonds outstanding. The outlook is stable. The bonds are secured by pledged revenues consisting of PMT and aid trust account (ATA) revenues. These pledged revenues become 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 revenues consist of a 0.34% employer mobility tax collected from private- and public-sector employers within the Metropolitan Commuter Transportation District
