S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s approximately $1.65 billion series 2024A (Metropolitan Transportation Authority [MTA] Bridges and Tunnels) sales tax revenue bonds (TBTA Capital Lockbox—City Sales Tax), consisting of subseries 2024A-1, subseries 2024A-2, and subseries 2024A-3. At the same time, S&P Global Ratings affirmed its 'AA+' long term rating on the TBTA's approximately $1.9 billion in 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 $173.4 million in state fiscal 2023 (ended March 31), and will increase 1% to a projected $175.2 million for state fiscal
