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KBRA Assigns Long-Term Rating of AA With Stable Outlook to the TBTA General Revenue Refunding Bonds, Series 2019B (Federally Taxable)
[September 12, 2019]

KBRA Assigns Long-Term Rating of AA With Stable Outlook to the TBTA General Revenue Refunding Bonds, Series 2019B (Federally Taxable)


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 Refunding Bonds, Series 2019B (Federally Taxable).

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.





Issuer: Triborough Bridge and Tunnel Authority (MTA Bridges and Tunnels) (TBTA)

Assigned

Rating(s)

Outlook

General Revenue Refunding Bonds, Series 2019B (Federally Taxable)

AA

Stable

Affirmed

Rating(s)

Outlook

General Revenue Bonds

AA

Stable

Subordinate Revenue Bonds

AA-

Stable


To view the report, click here.

Methodology Used:

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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.


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