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

Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $46.1 million subseries 2003B-2 general revenue variable-rate bonds, which are being remarketed Jan. 28 (the mandatory tender date). At the same time Standard&Poor's affirmed its 'A+' rating on the TBTA's pro forma $58.0 million subseries 2013D-2a subordinate revenue refunding bonds, which are being remarketed Feb. 2 (the mandatory tender date). Standard&Poor's also affirmed its 'AA-' and 'A+' ratings on the TBTA's general revenue bonds and subordinate revenue bonds outstanding. The outlook is stable. As well, Standard&Poor's affirmed its 'AAA/A-1+' rating and underlying rating (SPUR) on the TBTA's general revenue variable-rate bonds, series 2001B. The ratings

...Standard & Poor's Ratings Services has assigned its '##-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $46.1 million subseries 2003B-2 general revenue variable-rate bonds, which are being remarketed Jan. 28 (the mandatory tender date). At the same time Standard & Poor's affirmed its 'A+' rating on the TBTA's pro forma $58.0 million subseries 2013D-2a subordinate revenue refunding bonds, which are being remarketed Feb. 2 (the mandatory tender date). Standard & Poor's also affirmed its '##-' and 'A+' ratings on the TBTA's general revenue bonds and subordinate revenue bonds outstanding. The outlook is stable. As well, Standard & Poor's 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....

Summary