KBRA Releases Rating Report for the TBTA General Revenue Variable Rate Bonds, Series 2001B (SOFR Tender Notes)
Sep. 06, 2018
NEW YORK--(BUSINESS WIRE)--Sep 6, 2018--On September 4, 2018, 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 Variable Rate Bonds, Series 2001B (SOFR Tender Notes).
Concurrently, KBRA affirmed the long-term rating of AA with a Stable Outlook on the TBTA’s outstanding General Revenue Bonds. KBRA also affirmed the long-term rating of AA- with a Stable Outlook on the TBTA’s outstanding Subordinate Revenue Bonds.
KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted.
KBRA’s long-term rating for the TBTA is based on the . The evaluation of the long-term credit quality of public sector toll revenue bonds focuses on the five key rating determinants listed below. The corresponding rating determinant ratings for TBTA senior and subordinate lien bonds are listed below.
To view the report, click .
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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, is 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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CONTACT: Kroll Bond Rating Agency
Andrew Clarke, Managing Director
Alice Cheng, Associate Director
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE
SOURCE: Kroll Bond Rating Agency
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PUB: 09/06/2018 12:03 PM/DISC: 09/06/2018 12:03 PM