• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Triborough Bridge and Tunnel Authority, NY's General Rev Variable-Rate Bonds Rated 'AA-/A-1+' May 05 Product Image

Triborough Bridge and Tunnel Authority, NY's General Rev Variable-Rate Bonds Rated 'AA-/A-1+' May 05

  • Published: May 2005
  • Region: New York
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) May 3, 2005--Standard & Poor's Ratings Services assigned its 'AA-/A-1+' rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s $150 million general revenue variable rate bonds series 2005A. At the same time, Standard & Poor's affirmed its 'AA-' rating on TBTA's outstanding senior lien revenue bonds and its 'A+' rating on TBTA's outstanding subordinate lien revenue bonds. The 'A-1+' short-term rating is based on a liquidity facility provided by Dexia Credit Local ('AA/A-1+'). The standby bond purchase agreement is scheduled to expire May 9, 2012, unless earlier extended or terminated according to its terms. The 'AA-' and 'A+' long-term ratings are based on TBTA's consistently strong historical financial performance, service essentiality, and the expectation...

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. READ MORE >

- Triborough Br & Tunnel Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS