Triborough Bridge&Tunnel Authority, NY Series 2022A General Revenue Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research

Triborough Bridge&Tunnel Authority, NY Series 2022A General Revenue Bonds Rated 'AA-'

Triborough Bridge&Tunnel Authority, NY Series 2022A General Revenue Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research
Triborough Bridge&Tunnel Authority, NY Series 2022A General Revenue Bonds Rated 'AA-'
Published Aug 05, 2022
3 pages (1344 words) — Published Aug 05, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Aug. 5, 2022--S&P Global Ratings assigned its 'AA-' long-term and underlying rating (SPUR) to the Triborough Bridge&Tunnel Authority, N.Y.'s (TBTA) pro forma $400 million series 2022A general revenue bonds. In addition, we affirmed our 'AA-' long-term rating and SPUR on the authority's general revenue bonds outstanding; our 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; our 'AAA/A-1+' rating and 'AA-' SPUR on the authority's general revenue variable-rate bonds, series 2003B-1, 2005B-2a, 2005B-2b, and 2005B-4C; and our 'AA+/A-1' rating and 'AA-' SPUR on the TBTA's general revenue variable-rate bonds, series 2005A and 2018E. The outlook, where applicable, is stable. "The rating actions reflect our expectation that TBTA's enterprise risk and

  
Brief Excerpt:

...August 5, 2022 NEW YORK (S&P Global Ratings) Aug. 5, 2022--S&P Global Ratings assigned its '##-' long-term and underlying rating (SPUR) to the Triborough Bridge & Tunnel Authority, N.Y.'s (TBTA) pro forma $400 million series 2022A general revenue bonds. In addition, we affirmed our '##-' long-term rating and SPUR on the authority's general revenue bonds outstanding; our 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; our '###/A-1+' rating and '##-' SPUR on the authority's general revenue variable-rate bonds, series 2003B-1, 2005B-2a, 2005B-2b, and 2005B-4C; and our '##+/A-1' rating and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2005A and 2018E. The outlook, where applicable, is stable. "The rating actions reflect our expectation that TBTA's enterprise risk and financial risk profiles will remain extremely strong and strong, respectively," said S&P Global Ratings credit analyst Joe Pezzimenti. Key credit strengths, in our opinion,...

  
Report Type:

Ratings Action

Issuer
Triborough Bridge&Tunnel Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Triborough Bridge&Tunnel Authority, NY Series 2022A General Revenue Bonds Rated 'AA-'" Aug 05, 2022. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-NY-Series-2022A-General-Revenue-Bonds-Rated-AA-2876284>
  
APA:
S&P Global Ratings’ Credit Research. (). Triborough Bridge&Tunnel Authority, NY Series 2022A General Revenue Bonds Rated 'AA-' Aug 05, 2022. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-NY-Series-2022A-General-Revenue-Bonds-Rated-AA-2876284>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.