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Triborough Bridge & Tunnel Authority, NY 2012A Bonds Assigned 'AA-' Rating; Other Ratings Affirmed May 12 Product Image

Triborough Bridge & Tunnel Authority, NY 2012A Bonds Assigned 'AA-' Rating; Other Ratings Affirmed May 12

  • Published: May 2012
  • Region: New York
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) May 23, 2012--Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to the Triborough Bridge & Tunnel Authority (TBTA), N.Y.'s pro forma $250 million series 2012A general revenue bonds. At the same time, Standard & Poor's affirmed its 'AA-' rating on TBTA's general revenue bonds, and its 'A+' long-term rating on the authority's subordinate revenue bonds outstanding. The outlook on all long-term ratings is stable. Standard & Poor's also affirmed its 'AAA/A-1+' long-term and 'AA-' underlying (SPUR) ratings on TBTA's general revenue variable-rate bonds, series 2001B. The ratings reflect our application of the low correlation joint criteria based on the 'AA-' SPUR on the authority and the ratings on the 2001B letter of credit...

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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