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

S&P Global Ratings assigned its 'AAA/A-1+' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $187 million transportation general revenue variable-rate bonds, subseries 2005B-2a and 2005B-2b, based on its application of joint criteria. At the same time, S&P Global Ratings affirmed the following ratings: 'AA-' long-term rating and underlying rating (SPUR) on the authority's general revenue bonds outstanding; 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; 'AAA/A-1+' rating and 'AA-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and 'AA+/A-1' rating and 'AA-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005A, and 2018E. The outlook on the SPUR is negative. The 'AAA' rating on the TBTA's series 2005B-2a, 2005B-2b,

...S&P Global Ratings assigned its '###/A-1+' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $187 million transportation general revenue variable-rate bonds, subseries 2005B-2a and 2005B-2b, based on its application of joint criteria. At the same time, S&P Global Ratings affirmed the following ratings: + '##-' long-term rating and underlying rating (SPUR) on the authority's general revenue bonds outstanding; + 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; + '###/A-1+' rating and '##-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and + '##+/A-1' rating and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005A, and 2018E. The outlook on the SPUR is negative. The '###' rating on the TBTA's series 2005B-2a, 2005B-2b, and 2005B-4C variable-rate demand bonds is eligible to be rated above the sovereign based on joint criteria and given that the sovereign rating does not...

Summary