Summary: Triborough Bridge and Tunnel Authority, New York; Joint Criteria; Note; Toll Roads Bridges - S&P Global Ratings’ Credit Research

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

Summary: Triborough Bridge and Tunnel Authority, New York; Joint Criteria; Note; Toll Roads Bridges - S&P Global Ratings’ Credit Research
Summary: Triborough Bridge and Tunnel Authority, New York; Joint Criteria; Note; Toll Roads Bridges
Published Oct 22, 2014
5 pages (1821 words) — Published Oct 22, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s general revenue bonds subseries 2008B-2 and 2005B-4c. The subseries are being remarketed on Nov. 17 and Dec. 11, respectively. At the same time, Standard&Poor's affirmed its 'AA-' and 'A+' ratings on the TBTA's general revenue bonds and subordinate revenue bonds, respectively, and its 'SP-1+' rating on the authority's 2014A general revenue bond anticipation notes (BANs). The outlook is stable. Standard&Poor's also affirmed its 'AAA/A-1+' rating and underlying rating (SPUR) on the TBTA's general revenue variable-rate bonds, series 2001B. The ratings reflect our application of the low correlation joint criteria based on the 'AA-' SPUR on the authority

  
Brief Excerpt:

...Standard & Poor's Ratings Services has assigned its '##-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s general revenue bonds subseries 2008B-2 and 2005B-4c. The subseries are being remarketed on Nov. 17 and Dec. 11, respectively. At the same time, Standard & Poor's affirmed its '##-' and 'A+' ratings on the TBTA's general revenue bonds and subordinate revenue bonds, respectively, and its 'SP-1+' rating on the authority's 2014A general revenue bond anticipation notes (BANs). The outlook is stable. Standard & Poor's also affirmed its '###/A-1+' rating and underlying rating (SPUR) on the TBTA's general revenue variable-rate bonds, series 2001B. The ratings reflect our application of the low correlation joint criteria based on the '##-' SPUR on the authority and the ratings on the series 2001B letter of credit provider, State Street Bank and Trust Co. Ltd. In addition, Standard & Poor's affirmed its '##-/A-1' ratings on the authority's general revenue variable-rate bonds...

  
Report Type:

Summary

Issuer
Triborough Bridge&Tunnel Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Triborough Bridge and Tunnel Authority, New York; Joint Criteria; Note; Toll Roads Bridges" Oct 22, 2014. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-and-Tunnel-Authority-New-York-Joint-Criteria-Note-Toll-Roads-Bridges-1365437>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Triborough Bridge and Tunnel Authority, New York; Joint Criteria; Note; Toll Roads Bridges Oct 22, 2014. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-and-Tunnel-Authority-New-York-Joint-Criteria-Note-Toll-Roads-Bridges-1365437>
  
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