NEW YORK (Standard&Poor's) Jan. 22, 2014--Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $300 million series 2014A general revenue bonds, issued to fund its capital program. At the same time, Standard&Poor's assigned its 'SP-1+' short-term rating to the authority's pro forma $100 million series 2014A general revenue bond anticipation notes (BANs). Standard&Poor's also affirmed its ratings on the TBTA's debt outstanding. The outlook is stable. "The ratings on the bonds reflect our view of the authority's consistently strong historical financial performance and service essentiality, and our expectation that debt service coverage levels will remain what we consider to be strong," said
