Triborough Bridge And Tunnel Authority, NY Series 2019B Revenue Refunding Bonds Rated 'AA-'

NEW YORK (S&P Global Ratings) Sept. 12, 2019--S&P Global Ratings assigned its 'AA-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s proposed series 2019B general revenue refunding bonds (federally taxable). The outlook is stable. Bond proceeds will refund the TBTA's series 2001B general revenue variable-rate bonds outstanding. After the 2019B bonds are issued, the TBTA will have about $8.8 billion in debt, including about $7.8 billion of senior debt and $1.0 billion of subordinate debt. 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

...September 12, 2019 NEW YORK (S&P Global Ratings) Sept. 12, 2019--S&P Global Ratings assigned its '##-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s proposed series 2019B general revenue refunding bonds (federally taxable). The outlook is stable. Bond proceeds will refund the TBTA's series 2001B general revenue variable-rate bonds outstanding. After the 2019B bonds are issued, the TBTA will have about $8.8 billion in debt, including about $7.8 billion of senior debt and $1.0 billion of subordinate debt. 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...

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