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

Standard&Poor's Ratings Services has raised its long-term rating on Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s series 2002F general revenue variable-rate bonds to 'AAA/A-1' from 'AA-/A-1'. At the same time, Standard&Poor's assigned its 'AA-' underlying rating (SPUR) to the bonds. Standard&Poor's also 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+' ratings and SPUR on the TBTA's general revenue variable-rate bonds, series 2001B; and its 'AAA/A-1' ratings and SPUR on the authority's general revenue variable-rate bonds, series 2001C and 2005B-3. These ratings reflect our application of the low correlation joint criteria based on our

...Standard & Poor's Ratings Services has raised its long-term rating on Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s series 2002F general revenue variable-rate bonds to '###/A-1' from '##-/A-1'. At the same time, Standard & Poor's assigned its '##-' underlying rating (SPUR) to the bonds. Standard & Poor's also 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+' ratings and SPUR on the TBTA's general revenue variable-rate bonds, series 2001B; and its '###/A-1' ratings and SPUR on the authority's general revenue variable-rate bonds, series 2001C and 2005B-3. These ratings reflect our application of the low correlation joint criteria based on our '##-' SPUR on the authority and the ratings on the series 2001B LOC provider, State Street Bank and Trust Co. Ltd.; and the ratings on the series 2001C and 2005B-3 LOC provider, Bank of Tokyo-Mitsubishi....

Summary