S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s estimated $300 million series 2024A payroll mobility tax (PMT; Metropolitan Transportation Authority [MTA] climate bond certified) senior-lien green bonds. 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 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 (MCTD; excluding federal, international, and interstate employees, and certain public school employees). ATA revenues consist of various
