Triborough Bridge&Tunnel Authority, NY Series 2023C Payroll Mobility Tax Bonds Assigned 'AA+' Rating; Outlook Stable - S&P Global Ratings’ Credit Research

Triborough Bridge&Tunnel Authority, NY Series 2023C Payroll Mobility Tax Bonds Assigned 'AA+' Rating; Outlook Stable

Triborough Bridge&Tunnel Authority, NY Series 2023C Payroll Mobility Tax Bonds Assigned 'AA+' Rating; Outlook Stable - S&P Global Ratings’ Credit Research
Triborough Bridge&Tunnel Authority, NY Series 2023C Payroll Mobility Tax Bonds Assigned 'AA+' Rating; Outlook Stable
Published Oct 03, 2023
3 pages (1379 words) — Published Oct 03, 2023
Price US$ 150.00  |  Buy this Report Now

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Abstract:

DALLAS (S&P Global Ratings) Oct. 3, 2023--S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s estimated $1.15 billion series 2023C payroll mobility tax (PMT) (MTA Bridges and Tunnels) senior-lien refunding green bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the authority's senior-lien PMT bonds outstanding and its 'SP-1+' short-term rating on the authority's bond anticipation notes (BANs) outstanding. The outlook is stable. Our long-term rating is based on our "Priority-Lien Tax Revenue Debt" criteria (published Oct. 22, 2018), which takes into account both the strength and stability of the pledged revenues, as well as the general credit quality of the obligor where taxes are distributed and/or collected--in this

  
Brief Excerpt:

...Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors,...

  
Report Type:

Ratings Action

Issuer
Triborough Bridge&Tunnel Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Triborough Bridge&Tunnel Authority, NY Series 2023C Payroll Mobility Tax Bonds Assigned 'AA+' Rating; Outlook Stable" Oct 03, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-NY-Series-2023C-Payroll-Mobility-Tax-Bonds-Assigned-AA-Rating-Outlook-Stable-3065735>
  
APA:
S&P Global Ratings’ Credit Research. (). Triborough Bridge&Tunnel Authority, NY Series 2023C Payroll Mobility Tax Bonds Assigned 'AA+' Rating; Outlook Stable Oct 03, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-NY-Series-2023C-Payroll-Mobility-Tax-Bonds-Assigned-AA-Rating-Outlook-Stable-3065735>
  
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