Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges - S&P Global Ratings’ Credit Research

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

Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges - S&P Global Ratings’ Credit Research
Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges
Published Jan 27, 2025
14 pages (5340 words) — Published Jan 27, 2025
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About This Report

  
Abstract:

S&P Global Ratings assigned its 'SP-1+' short term rating to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s $500 million subordinate revenue bond anticipation notes (BANs), series 2025A. 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, and 2005B-2b, based on our criteria, "Methodology And Assumptions For Rating Jointly Supported Financial Obligations," published May 23, 2016. We also affirmed our 'AA+/A-1' rating and 'AA-' SPUR on TBTA's general revenue variable-rate bonds, series 2001C, 2003B-1, 2003B-2, 2005A, 2005B-3, 2005B-4a, 2005B-4c, and 2018E, based on our joint criteria. In addition, we affirmed our 'AA-' long-term rating and SPUR on the authority's general revenue bonds outstanding. Finally, we affirmed our

  
Brief Excerpt:

...+ S&P Global Ratings assigned its 'SP-1+' short term rating to the Triborough Bridge & Tunnel Authority (TBTA), N.Y.'s $500 million subordinate revenue bond anticipation notes (BANs), series 2025A. + 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, and 2005B-2b, based on our criteria, "Methodology And Assumptions For Rating Jointly Supported Financial Obligations," published May 23, 2016. + We also affirmed our '##+/A-1' rating and '##-' SPUR on TBTA's general revenue variable-rate bonds, series 2001C, 2003B-1, 2003B-2, 2005A, 2005B-3, 2005B-4a, 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 affirmed our 'A+' long-term rating and SPUR on TBTA's subordinate revenue bonds outstanding. + The outlook, where applicable, is stable....

  
Report Type:

Full Report

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

  
MLA:
S&P Global Ratings’ Credit Research. "Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges" Jan 27, 2025. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-New-York-Joint-Criteria-Toll-Roads-Bridges-3314520>
  
APA:
S&P Global Ratings’ Credit Research. (). Triborough Bridge&Tunnel Authority, New York; Joint Criteria; Toll Roads Bridges Jan 27, 2025. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-Tunnel-Authority-New-York-Joint-Criteria-Toll-Roads-Bridges-3314520>
  
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