NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA with a Stable Outlook to the Triborough Bridge and Tunnel Authority (TBTA) General Revenue Bonds, Series 2019C and General Revenue Variable Rate Refunding Bonds, Subseries 2003B-2 (SIFMA Floating Rate Tender Notes).
Concurrently, KBRA affirms the long-term rating of AA with a Stable Outlook on the TBTA’s outstanding general obligation bonds. KBRA also affirms the long-term rating of AA- with a Stable Outlook on the TBTA’s outstanding subordinate revenue bonds.
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Issuer: Triborough Bridge and Tunnel Authority (MTA Bridges and Tunnels or “TBTA”) |
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Assigned |
Rating(s) |
Outlook |
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General Revenue Bonds, Series 2019C |
AA |
Stable |
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General Revenue Variable Rate Refunding Bonds, Subseries 2003B-2 (SIFMA Floating Rate Tender Notes) |
AA |
Stable |
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Affirmed |
Rating(s) |
Outlook |
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General Revenue Bonds |
AA |
Stable |
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Subordinate Revenue Bonds |
AA- |
Stable |
A rating report will be forthcoming.
Methodology Used:
CONNECT WITH KBRA
About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Contacts
Analytical Contacts:
Alice Cheng, Director
(646) 731-2403
[email protected]
Cindy Wu, Senior Director
(646) 731-2304
[email protected]
William Cox, Senior Managing Director
(646) 731-2472
[email protected]
Business Development Contacts:
Bill Baneky, Managing Director
(646) 731-2409
[email protected]
James Kissane, Senior Director
(213) 806-0026
[email protected]
