Triborough Bridge and Tunnel Authority, NY Revenue Bonds Assigned 'AAA/A-1+' Rating - S&P Global Ratings’ Credit Research

Triborough Bridge and Tunnel Authority, NY Revenue Bonds Assigned 'AAA/A-1+' Rating

Triborough Bridge and Tunnel Authority, NY Revenue Bonds Assigned 'AAA/A-1+' Rating - S&P Global Ratings’ Credit Research
Triborough Bridge and Tunnel Authority, NY Revenue Bonds Assigned 'AAA/A-1+' Rating
Published Jan 20, 2021
3 pages (1448 words) — Published Jan 20, 2021
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Jan. 20, 2021--S&P Global Ratings raised its rating to 'AAA/A-1+' from 'AA+/A-1' on the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $187 million transportation general revenue variable-rate bonds, subseries 2005B-2a and 2005B-2b based on its application of joint criteria. The subseries 2005B-2 bonds are being redesignated and split into subseries 2005B-2a and 2005B-2b bonds. At the same time, S&P Global Ratings affirmed the following ratings: 'AA-' long-term rating and SPUR on the authority's general revenue bonds outstanding; 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; 'AAA/A-1+' rating and 'AA-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and 'AA+/A-1' rating and 'AA-' SPUR on the TBTA's general revenue variable-rate

  
Brief Excerpt:

...January 20, 2021 SAN FRANCISCO (S&P Global Ratings) Jan. 20, 2021--S&P Global Ratings raised its rating to '###/A-1+' from '##+/A-1' on the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $187 million transportation general revenue variable-rate bonds, subseries 2005B-2a and 2005B-2b based on its application of joint criteria. The subseries 2005B-2 bonds are being redesignated and split into subseries 2005B-2a and 2005B-2b bonds. At the same time, S&P Global Ratings affirmed the following ratings: - '##-' long-term rating and SPUR on the authority's general revenue bonds outstanding; - 'A+' long-term rating and SPUR on the TBTA's subordinate revenue bonds outstanding; - '###/A-1+' rating and '##-' SPUR on the authority's general revenue variable-rate bonds, series 2005B-4C; and - '##+/A-1' rating and '##-' SPUR on the TBTA's general revenue variable-rate bonds, series 2002F, 2003B-1, 2005A, and 2018E. The outlook on the SPUR is negative. The '###' long-term rating on the TBTA's series...

  
Report Type:

Ratings Action

Issuer
Triborough Bridge&Tunnel Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Triborough Bridge and Tunnel Authority, NY Revenue Bonds Assigned 'AAA/A-1+' Rating" Jan 20, 2021. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-and-Tunnel-Authority-NY-Revenue-Bonds-Assigned-AAA-A-1-Rating-2582064>
  
APA:
S&P Global Ratings’ Credit Research. (). Triborough Bridge and Tunnel Authority, NY Revenue Bonds Assigned 'AAA/A-1+' Rating Jan 20, 2021. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-and-Tunnel-Authority-NY-Revenue-Bonds-Assigned-AAA-A-1-Rating-2582064>
  
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