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

S&P Global Ratings assigned its 'AA-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $175 million series 2019A general revenue bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: Its 'AA-' long-term rating and underlying rating (SPUR) on the authority's general revenue bonds outstanding; Its 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; Its 'AAA/A-1+' ratings and 'AA-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and Its 'AA+/A-1' ratings and 'AA-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005B-2, and 2018E. The ratings on the series 2002F, 2003B-1, 2005B-2, 2005B-4C, and 2018E bonds reflect our application of

...S&P Global Ratings assigned its '##-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $175 million series 2019A general revenue bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: + Its '##-' long-term rating and underlying rating (SPUR) on the authority's general revenue bonds outstanding; + Its 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; + Its '###/A-1+' ratings and '##-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and + Its '##+/A-1' ratings and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005B-2, and 2018E. The ratings on the series 2002F, 2003B-1, 2005B-2, 2005B-4C, and 2018E bonds reflect our application of the low-correlation-joint criteria based on our '##-' SPUR on the authority and the ratings on the LOC provider (Citibank N.A. for the 2002F and 2005B-2 bonds, Bank of America N.A....

Summary