NEW YORK (S&P Global Ratings) March 1, 2023--S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s approximately $800 million series 2023A (MTA Bridges and Tunnels) sales tax revenue bonds (TBTA Capital Lockbox--City Sales Tax). At the same time, S&P Global Ratings affirmed its 'AA+' long term rating on the TBTA's series 2022A parity sales tax revenue bonds outstanding. The outlook is stable. "The rating reflects our view of TBTA's strong-to-very-strong coverage and liquidity, very strong economic fundamentals, and low volatility, and New York City's general creditworthiness," said S&P Global Ratings credit analyst Nora Wittstruck. The stable outlook reflects our view of the city's substantial economic base on which sales taxes are collected
