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Triborough Bridge and Tunnel Authority, NY, 2019A Revenue Bonds Rated 'AA-'; Other Ratings Affirmed

Published May 07, 2019

3 pages (1416 words) — Published May 07, 2019

Price US$ 150.00 | Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) May 7, 2019--S&P Global Ratings assigned its 'AA-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $175 million series 2019A general revenue bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: Its 'AA-' long-term rating and underlying rating (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+' ratings and 'AA-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and Its 'AA+/A-1' ratings and 'AA-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005B-2, and 2018E. "The ratings reflect our opinion of the authority's extremely

Brief Excerpt:

...May 7, 2019 NEW YORK (S&P Global Ratings) May 7, 2019--S&P Global Ratings assigned its '##-' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $175 million series 2019A general revenue bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed the following ratings: - Its '##-' long-term rating and underlying rating (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+' ratings and '##-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and - Its '##+/A-1' ratings and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005B-2, and 2018E. "The ratings reflect our opinion of the authority's extremely strong enterprise risk profile and strong financial risk profile," said S&P Global Ratings credit analyst Joe Pezzimenti. Our enterprise risk profile assessment reflects...

Report Type:

Ratings Action

Issuer

Triborough Bridge&Tunnel Authority

Sector

Public Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Triborough Bridge and Tunnel Authority, NY, 2019A Revenue Bonds Rated 'AA-'; Other Ratings Affirmed" May 07, 2019. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-and-Tunnel-Authority-NY-2019A-Revenue-Bonds-Rated-AA-Other-Ratings-Affirmed-2228145>

APA:	S&P Global Ratings’ Credit Research. (). Triborough Bridge and Tunnel Authority, NY, 2019A Revenue Bonds Rated 'AA-'; Other Ratings Affirmed May 07, 2019. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-and-Tunnel-Authority-NY-2019A-Revenue-Bonds-Rated-AA-Other-Ratings-Affirmed-2228145>

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