Triborough Bridge and Tunnel Authority, NY's 2005B-4a And 2005B-4d Refunding Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research

Triborough Bridge and Tunnel Authority, NY's 2005B-4a And 2005B-4d Refunding Bonds Rated 'AA-'

Triborough Bridge and Tunnel Authority, NY's 2005B-4a And 2005B-4d Refunding Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research
Triborough Bridge and Tunnel Authority, NY's 2005B-4a And 2005B-4d Refunding Bonds Rated 'AA-'
Published Nov 06, 2015
4 pages (1820 words) — Published Nov 06, 2015
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Nov. 6, 2015--Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $27.9 million subseries 2005B-4a general revenue variable-rate refunding bonds, which are being remarketed Nov. 19; and its 'AA-' rating to the TBTA's $43.8 million subseries 2005B-4d general revenue variable-rate refunding bonds, which are being remarketed Nov. 24. On the dates mentioned above, the interest rate on the remarketed bonds will be equal to 67% of one-month LIBOR plus a spread. The TBTA has the option, but not the obligation, to call the subseries 2005B-4a bonds on Nov. 1, 2016, if they can be successfully remarketed. Such bonds are not subject to an optional tender

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) Nov. 6, 2015--Standard & Poor's Ratings Services has assigned its '##-' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $27.9 million subseries 2005B-4a general revenue variable-rate refunding bonds, which are being remarketed Nov. 19; and its '##-' rating to the TBTA's $43.8 million subseries 2005B-4d general revenue variable-rate refunding bonds, which are being remarketed Nov. 24. On the dates mentioned above, the interest rate on the remarketed bonds will be equal to 67% of one-month LIBOR plus a spread. The TBTA has the option, but not the obligation, to call the subseries 2005B-4a bonds on Nov. 1, 2016, if they can be successfully remarketed. Such bonds are not subject to an optional tender for purchase before that date. The TBTA has the option, but not the obligation, to call the subseries 2005B-4d bonds on Dec. 1, 2018, if they can be successfully remarketed. Such bonds are subject to an optional tender for purchase at the option...

  
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MLA:
S&P Global Ratings’ Credit Research. "Triborough Bridge and Tunnel Authority, NY's 2005B-4a And 2005B-4d Refunding Bonds Rated 'AA-'" Nov 06, 2015. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-and-Tunnel-Authority-NY-s-2005B-4a-And-2005B-4d-Refunding-Bonds-Rated-AA-1477015>
  
APA:
S&P Global Ratings’ Credit Research. (). Triborough Bridge and Tunnel Authority, NY's 2005B-4a And 2005B-4d Refunding Bonds Rated 'AA-' Nov 06, 2015. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Triborough-Bridge-and-Tunnel-Authority-NY-s-2005B-4a-And-2005B-4d-Refunding-Bonds-Rated-AA-1477015>
  
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