KBRA Releases Rating Report on TBTA General Revenue Bonds Series 2019A

NEW YORK–(BUSINESS WIRE)–On May 2, 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 2019A.


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) (TBTA)


Assigned


 


Rating(s)


 


Outlook


General Revenue Bonds, Series 2019A


 


AA


 


Stable


Affirmed


 


Rating(s)


 


Outlook


General Revenue Bonds


 


AA


 


Stable


Subordinate Revenue Bonds


 


AA-


 


Stable




 




 




To view the report, click here.


Methodology Used:


U.S.
Public Toll Roads, Bridges & Tunnels Revenue Bond Rating Methodology


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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.


Contacts

Analytical:William Cox, Senior
Managing Director(646) 731-2472wcox@kbra.com


Alice Cheng, Director(646) 731-2403acheng@kbra.com


Cindy Wu, Senior Director(646) 731-2304cwu@kbra.com