Summary: Triborough Bridge&Tunnel Authority, New York; Miscellaneous Tax; Note - S&P Global Ratings’ Credit Research

Summary: Triborough Bridge&Tunnel Authority, New York; Miscellaneous Tax; Note

Summary: Triborough Bridge&Tunnel Authority, New York; Miscellaneous Tax; Note - S&P Global Ratings’ Credit Research
Summary: Triborough Bridge&Tunnel Authority, New York; Miscellaneous Tax; Note
Published Dec 01, 2022
8 pages (3719 words) — Published Dec 01, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'SP-1+' short-term rating to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s approximately $770 million series 2022B payroll mobility tax (PMT) (MTA Bridges and Tunnels) bond anticipation notes (BANs) and affirmed its 'SP-1+' short-term rating on the authority's outstanding BANS. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the authority's $6.44 billion of senior-lien PMT bonds outstanding. The outlook is stable. The BANs and 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

  
Brief Excerpt:

...+ S&P Global Ratings assigned its 'SP-1+' short-term rating to the Triborough Bridge & Tunnel Authority (TBTA), N.Y.'s approximately $770 million series 2022B payroll mobility tax (PMT) (MTA Bridges and Tunnels) bond anticipation notes (BANs) and affirmed its 'SP-1+' short-term rating on the authority's outstanding BANS. + At the same time, S&P Global Ratings affirmed its '##+' rating on the authority's $6.44 billion of senior-lien PMT bonds outstanding. + The outlook is stable....

  
Report Type:

Summary

Issuer
Triborough Bridge&Tunnel Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Triborough Bridge&Tunnel Authority, New York; Miscellaneous Tax; Note" Dec 01, 2022. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-Tunnel-Authority-New-York-Miscellaneous-Tax-Note-2924653>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Triborough Bridge&Tunnel Authority, New York; Miscellaneous Tax; Note Dec 01, 2022. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-Tunnel-Authority-New-York-Miscellaneous-Tax-Note-2924653>
  
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