Standard&Poor's Ratings Services has assigned its 'A+' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $230 million series 2013D subordinate revenue bonds, to refund series 2002E bonds. We understand the authority will issue a portion of the bonds as fixed rate and portion as variable, with final sizing determined at pricing. At the same time, Standard&Poor's affirmed its 'AA-' rating on the TBTA's series 2005B-4a bonds and 2005B-4b bonds, which are being remarketed Jan. 2, 2014 (the mandatory tender date). Standard&Poor's also affirmed its 'AA-' rating on the authority's general revenue bonds outstanding, and its 'A+' rating on subordinate revenue bonds outstanding. The outlook is stable. Standard&Poor's also
