Triborough Bridge And Tunnel Authority, NY, 2011A Revenue Bonds Assigned 'AA-' Rating; Other Ratings Affirmed Sep 11
Standard & Poors, September 2011
Abstract
NEW YORK (Standard & Poor's) Sept. 28, 2011-- Standard & Poor's Ratings Services has assigned its 'AA-' rating to Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s pro forma $610.1 million series 2011A general revenue bonds. At the same time, Standard & Poor's affirmed its 'AA-' rating on TBTA's $6.9 billion in general revenue bonds outstanding as well as its 'A+' rating on the authority's $1.9 billion subordinate revenue bonds outstanding. The outlook on the long-term ratings is stable. Standard & Poor's also affirmed its 'AAA/A-1+' ratings on TBTA's general revenue variable-rate bonds, series 2001B. The ratings reflect our application of the low correlation joint criteria based on the 'AA-' underlying on the authority and the ratings on the series 2001B...
Companies mentioned in this report are:
- Triborough Br & Tunnel Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Triborough Br & Tunnel Auth
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