S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s approximately $800 million series 2023A (MTA Bridges and Tunnels) sales tax revenue bonds (TBTA Capital Lockbox--City Sales Tax). At the same time, S&P Global Ratings affirmed its 'AA+' long term rating on the TBTA's series 2022A parity sales tax revenue bonds outstanding. The outlook is stable. Revenue consisting of a statutory allocation withheld from New York City's total sales tax collections secures the bonds. The statutory allocation equaled $171.7 million in state fiscal 2022 (ended March 31), and will increase 1% annually (to a projected $173.4 million for state fiscal 2023). Pledged revenue becomes subject to a statutory lien immediately when transferred from
