KBRA Release Rating Report Assigning Long-Term Rating of AA With Stable Outlook to the TBTA General Revenue Bonds, Series 2019C and General Revenue Variable Rate Refunding Bonds, Subseries 2003B-2 (SIFMA Floating Rate Tender Notes)
NEW YORK--(BUSINESS WIRE)--Nov 20, 2019--
On November 19, 2019, Kroll Bond Rating Agency (KBRA) assigned 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 affirmed the long-term rating of AA with a Stable Outlook on the TBTA’s outstanding general obligation bonds. KBRA also affirmed the long-term rating of AA- with a Stable Outlook on the TBTA’s outstanding subordinate revenue bonds.
Issuer: Triborough Bridge and Tunnel Authority (MTA Bridges and Tunnels or "TBTA")
General Revenue Bonds, Series 2019C
General Revenue Variable Rate Refunding Bonds, Subseries 2003B-2 (SIFMA Floating Rate Tender Notes)
General Revenue Bonds
Subordinate Revenue Bonds
To view this report, click here.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005901/en/
CONTACT: Analytical Contacts:
Alice Cheng, Director
Cindy Wu, Senior Director
William Cox, Senior Managing Director
Business Development Contacts:
Bill Baneky, Managing Director
James Kissane, Senior Director
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Kroll Bond Rating Agency
Copyright Business Wire 2019.
PUB: 11/20/2019 02:54 PM/DISC: 11/20/2019 02:54 PM