Triborough Bridge&Tunnel Authority, NY Remarketed Subseries 2003B-2 Bonds Rated 'AAA/A-1+', Underlying Rating 'AA-' - S&P Global Ratings’ Credit Research

Triborough Bridge&Tunnel Authority, NY Remarketed Subseries 2003B-2 Bonds Rated 'AAA/A-1+', Underlying Rating 'AA-'

Triborough Bridge&Tunnel Authority, NY Remarketed Subseries 2003B-2 Bonds Rated 'AAA/A-1+', Underlying Rating 'AA-' - S&P Global Ratings’ Credit Research
Triborough Bridge&Tunnel Authority, NY Remarketed Subseries 2003B-2 Bonds Rated 'AAA/A-1+', Underlying Rating 'AA-'
Published Jul 11, 2024
3 pages (1797 words) — Published Jul 11, 2024
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Abstract:

NEW YORK (S&P Global Ratings) July 11, 2024--S&P Global Ratings assigned its 'AAA/A-1+' rating and its 'AA-' underlying rating (SPUR) to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s remarketed $26.85 million general revenue variable-rate bonds, subseries 2003B-2, with the 'AAA' long-term rating on the remarketed bonds eligible to be rated above the sovereign based on our joint criteria and because the sovereign rating does not constrain the rating. At the same time, we affirmed our 'AAA/A-1+' ratings (with 'AA-' SPUR) on the authority's other general revenue variable-rate bonds, series 2005B-2a, 2005B-2b, and 2005B-4a, based also on our joint criteria. We also affirmed our 'AA+/A-1' rating and 'AA-' SPUR on TBTA's general revenue variable-rate bonds, series 2001C, 2003B-1, 2005A, 2005B-3,

  
Brief Excerpt:

...July 11, 2024 NEW YORK (S&P Global Ratings) July 11, 2024--S&P Global Ratings assigned its '###/A-1+' rating and its '##-' underlying rating (SPUR) to the Triborough Bridge & Tunnel Authority (TBTA), N.Y.'s remarketed $26.85 million general revenue variable-rate bonds, subseries 2003B-2, with the '###' long-term rating on the remarketed bonds eligible to be rated above the sovereign based on our joint criteria and because the sovereign rating does not constrain the rating. At the same time, we affirmed our '###/A-1+' ratings (with '##-' SPUR) on the authority's other general revenue variable-rate bonds, series 2005B-2a, 2005B-2b, and 2005B-4a, based also on our joint criteria. We also affirmed our '##+/A-1' rating and '##-' SPUR on TBTA's general revenue variable-rate bonds, series 2001C, 2003B-1, 2005A, 2005B-3, 2005B-4c, and 2018E, based on our joint criteria. In addition, we affirmed our '##-' long-term rating and SPUR on the authority's general revenue bonds outstanding. Finally, we...

  
Report Type:

Ratings Action

Issuer
Triborough Bridge&Tunnel Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Triborough Bridge&Tunnel Authority, NY Remarketed Subseries 2003B-2 Bonds Rated 'AAA/A-1+', Underlying Rating 'AA-'" Jul 11, 2024. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-NY-Remarketed-Subseries-2003B-2-Bonds-Rated-AAA-A-1-Underlying-Rating-AA-3213243>
  
APA:
S&P Global Ratings’ Credit Research. (). Triborough Bridge&Tunnel Authority, NY Remarketed Subseries 2003B-2 Bonds Rated 'AAA/A-1+', Underlying Rating 'AA-' Jul 11, 2024. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-NY-Remarketed-Subseries-2003B-2-Bonds-Rated-AAA-A-1-Underlying-Rating-AA-3213243>
  
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