Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges

S&P Global Ratings assigned its 'AA-' underlying rating (SPUR) to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $400 million series 2020A general revenue bonds. The outlook is negative. At the same time, S&P Global Ratings affirmed the following ratings: Its 'AA-' long-term rating and 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+' rating and 'AA-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and Its 'AA+/A-1' rating and 'AA-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005A, 2005B-2, and 2018E. The series 2020A bond proceeds will be used to finance bridge and tunnel projects as part

...S&P Global Ratings assigned its '##-' underlying rating (SPUR) to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $400 million series 2020A general revenue bonds. The outlook is negative. At the same time, S&P Global Ratings affirmed the following ratings: + Its '##-' long-term rating and 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+' rating and '##-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and + Its '##+/A-1' rating and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005A, 2005B-2, and 2018E. The series 2020A bond proceeds will be used to finance bridge and tunnel projects as part of the TBTA's approved capital program. The authority's net system revenues secure the 2020A bonds and all bonds outstanding. System facilities include the Robert F. Kennedy Bridge (formerly the Triborough...

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