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 Apr 30, 2015
8 pages (3673 words) — Published Apr 30, 2015
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 series 2015A general revenue bonds, which are being issued to finance bridge and tunnel projects and retire the TBTA's series 2014A general revenue bond anticipation notes (BANs). At the same time Standard&Poor's affirmed its 'AA-' and 'A+' ratings on the authority'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 reflect our application of the low correlation joint criteria based on the 'AA-' SPUR on the authority and the ratings on the

  
Brief Excerpt:

...Standard & Poor's Ratings Services has assigned its '##-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s series 2015A general revenue bonds, which are being issued to finance bridge and tunnel projects and retire the TBTA's series 2014A general revenue bond anticipation notes (BANs). At the same time Standard & Poor's affirmed its '##-' and 'A+' ratings on the authority'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. In addition, Standard & Poor's affirmed its '##-/A-1' ratings on the authority's general revenue variable-rate bonds (series 2001C, 2002F, and 2005B-3)....

  
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" Apr 30, 2015. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Triborough-Bridge-and-Tunnel-Authority-New-York-Joint-Criteria-Note-Toll-Roads-Bridges-1396479>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Triborough Bridge and Tunnel Authority, New York; Joint Criteria; Note; Toll Roads Bridges Apr 30, 2015. New York, NY: Alacra Store. Retrieved May 22, 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-1396479>
  
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