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Summary: Triborough Bridge and Tunnel Authority, New York; Insured Liquidity; Toll Roads Bridges Oct 08 Product Image

Summary: Triborough Bridge and Tunnel Authority, New York; Insured Liquidity; Toll Roads Bridges Oct 08

  • Published: October 2008
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA/A-1+' rating to the Triborough Bridge and Tunnel Authority (TBTA or the authority), N.Y.'s general revenue variable-rate bonds, series 2001B; and its 'AAA/A-1' rating to series 2001C. The ratings reflect the application of the low correlation joint criteria based on Standard & Poor's underlying rating (SPUR) on the authority (AA-/Stable); and the ratings on the series 2001B letter-of-credit (LOC) provider, State Street Bank and Trust Co. (AA/Stable/A-1+); and the series 2001C LOC provider, Bayerische Landesbank (A/Negative/A-1). At the same time, Standard & Poor's assigned its 'AA-' long-term SPUR to TBTA's general revenue bonds series 2001B and 2001C. The outlook is stable. Standard & Poor's also affirmed its 'AA-' rating on the TBTA's...

Companies mentioned in this report are:
- Triborough Br & Tunnel Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Triborough Br & Tunnel Auth

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