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Triborough Bridge And Tunnel Authority, NY Series 2019C Bonds, Subseries 2003B-2 SIFMA Notes Assigned 'AA-' Rating

Published Nov 20, 2019

3 pages (1400 words) — Published Nov 20, 2019

Price US$ 150.00 | Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) Nov. 20, 2019--S&P Global Ratings assigned its 'AA-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $200 million series 2019C general revenue bonds and $46.05 million subseries 2003B-2 SIFMA floating rate tender notes. 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

Brief Excerpt:

...November 20, 2019 NEW YORK (S&P Global Ratings) Nov. 20, 2019--S&P Global Ratings assigned its '##-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $200 million series 2019C general revenue bonds and $46.05 million subseries 2003B-2 SIFMA floating rate tender notes. 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 series 2019C bond proceeds will finance bridge and tunnel projects in the TBTA's approved capital program. After the 2019C bonds are issued and amortization...

Report Type:

Ratings Action

Issuer

Triborough Bridge&Tunnel Authority

Sector

Public Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Triborough Bridge And Tunnel Authority, NY Series 2019C Bonds, Subseries 2003B-2 SIFMA Notes Assigned 'AA-' Rating" Nov 20, 2019. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-And-Tunnel-Authority-NY-Series-2019C-Bonds-Subseries-2003B-2-SIFMA-Notes-Assigned-AA-Rating-2343065>

APA:	S&P Global Ratings’ Credit Research. (). Triborough Bridge And Tunnel Authority, NY Series 2019C Bonds, Subseries 2003B-2 SIFMA Notes Assigned 'AA-' Rating Nov 20, 2019. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-And-Tunnel-Authority-NY-Series-2019C-Bonds-Subseries-2003B-2-SIFMA-Notes-Assigned-AA-Rating-2343065>

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