NEW YORK--(BUSINESS WIRE)--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") |
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Assigned |
Rating(s) |
Outlook |
General Revenue Bonds, Series 2019C |
AA |
Stable |
General Revenue Variable Rate Refunding Bonds, Subseries 2003B-2 (SIFMA Floating Rate Tender Notes) |
AA |
Stable |
Affirmed |
Rating(s) |
Outlook |
General Revenue Bonds |
AA |
Stable |
Subordinate Revenue Bonds |
AA- |
Stable |
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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.