...December 7, 2022 NEW YORK (S&P Global Ratings) Dec. 7, 2022--S&P Global Ratings assigned a '##+/A-1' dual rating and '##-' underlying rating (SPUR) to the Triborough Bridge & Tunnel Authority, N.Y.'s (TBTA) $148.47 million series 2018E general revenue variable-rate bonds (federally taxable). The outlook on the SPUR is stable. The '##+' long-term component of the dual rating on the 2018E bonds reflects the application of the low-correlation joint criteria based on our '##-' SPUR on the TBTA and the rating on the letter of credit (LOC) provider, UBS AG; the 'A-1' short-term component of the dual rating reflects solely the short-term counterparty rating on the LOC provider, UBS AG; and the '##-' SPUR reflects our expectation that TBTA's enterprise risk and financial risk profiles will remain extremely strong and strong, respectively. The rating action reflects the replacement of an existing LOC provided by Bank of America N.A. with a new LOC provided by UBS AG, on Dec. 8, 2022. The long-term...
