Summary: Triborough Bridge and Tunnel Authority, New York; Toll Roads Bridges Jan 09
- ID: 1930379
- January 2009
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA-' rating to the TBTA's $250 million general revenue bonds, series 2009A-2. At the same time, Standard & Poor's affirmed its 'AA-' rating on the Triborough Bridge and Tunnel Authority (TBTA or the authority), N.Y.'s $6.25 billion general revenue bonds outstanding and its 'A+' rating on the TBTA's $2.0 billion subordinate revenue bonds outstanding. The outlook on the long-term ratings is stable. In addition, Standard & Poor's affirmed its 'A-1+' rating on the TBTA's $150 million general revenue mandatory tender bonds, series 2009A-1. In our opinion, the 'A-1+' rating on the 2009A-1 bonds reflects the short maturity of the bonds, which are subject to mandatory tender Nov. 15, 2009. The bonds are...
Companies mentioned in this report are:
- Triborough Br & Tunnel Auth
- Metropolitan Transp Auth
- New York City Transit Auth
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >