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Summary: Triborough Bridge and Tunnel Authority, New York; Toll Roads Bridges Jan 09

  • ID: 1930379
  • January 2009
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • Metropolitan Transp Auth
  • MORE

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

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Note: Product cover images may vary from those shown

- Triborough Br & Tunnel Auth
- Metropolitan Transp Auth
- New York City Transit Auth

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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