Triborough Bridge and Tunnel Authority Revenue Bonds Rated 'AA-'; Other Ratings Affirmed Jul 08

Standard & Poors, July 2008

Abstract
NEW YORK (Standard & Poor's) July 11, 2008-- Standard & Poor's Ratings Services has assigned its 'AA-' rating to Triborough Bridge and Tunnel Authority (TBTA or the authority), N.Y.'s $650 million general revenue bonds series 2008C and its 'A+' rating on TBTA's $350 million subordinate revenue bonds, series 2008D. At the same time, Standard & Poor's affirmed its 'AA-' rating on TBTA's $5.8 billion senior-lien revenue bonds outstanding and its 'A+' rating on the authority's $2.1 billion subordinate-lien revenue bonds outstanding. The outlook is stable. "The long-term ratings reflect TBTA's consistently strong historical financial performance, service essentiality, and the expectation that debt service coverage (DSC) levels remain solid while available cash will improve," said Standard & Poor's credit analyst Laura...

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

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

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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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