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

Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $65 million series 2015B general revenue bonds. At the same time Standard&Poor's assigned its 'AA-' rating to the TBTA's pro forma, $91.5 million, subseries 2008B-3 general revenue bonds, which are being remarketed Nov. 16 (the mandatory tender date). On that date, the TBTA will convert the bonds to a fixed-rate mode from term-rate. This will be the last conversion for these bonds. The series 2015B bond proceeds will be used to finance bridge and tunnel projects. Standard&Poor's also affirmed its 'AA-' and 'A+' ratings on the authority's general revenue bonds and subordinate revenue bonds outstanding. The outlook

...Standard & Poor's Ratings Services has assigned its '##-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $65 million series 2015B general revenue bonds. At the same time Standard & Poor's assigned its '##-' rating to the TBTA's pro forma, $91.5 million, subseries 2008B-3 general revenue bonds, which are being remarketed Nov. 16 (the mandatory tender date). On that date, the TBTA will convert the bonds to a fixed-rate mode from term-rate. This will be the last conversion for these bonds. The series 2015B bond proceeds will be used to finance bridge and tunnel projects. 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, 2002F,...

Summary