NEW YORK (Standard&Poor's) Dec. 4, 2013--Standard&Poor's Ratings Services has assigned its 'A+' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $230 million series 2013D subordinate revenue bonds, to refund series 2002E bonds. We understand the authority will issue a portion of the bonds as fixed rate and portion as variable, with final sizing determined at pricing. At the same time, Standard&Poor's affirmed its 'AA-' rating on the authority's general revenue bonds outstanding, and its 'A+' rating on subordinate revenue bonds outstanding. The outlook is stable. "The ratings reflect our view of the authority's consistently strong historical financial performance and service essentiality, and our expectation that debt service coverage levels will
