KBRA Releases Report Assigning AA Rating with a Stable Outlook to Triborough Bridge and Tunnel Authority General Revenue Bonds, Series 2021A

March 18, 2021 11:23 AM EDT

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NEW YORK--(BUSINESS WIRE)-- On March 17, 2021, 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 2021A.

Concurrently, KBRA affirms the long-term rating of AA on the TBTA’s outstanding General Revenue Bonds and the long-term rating of AA- on the Subordinate General Revenue Bonds. The Outlook on the outstanding bonds is Stable.

Click here to view the report. To access ratings and relevant documents, click here.

Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Only those ratings on securities issued by this Issuer that also are denoted on the Security Ratings tab for this Issuer on KBRA.com as “endorsed” by Kroll Bond Rating Agency Europe Limited into the European Union and/or by Kroll Bond Rating Agency UK Limited into the UK are covered by the disclosures set forth in this press release and the corresponding Information Disclosure Form. No other ratings on issuances by this Issuer have been endorsed into the European Union or the UK, and the disclosures set forth herein and in the corresponding Information Disclosure Form are inapplicable to those ratings and may not be used for regulatory purposes by European Union or UK investors in these securities.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. 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.

Analytical

Cindy Wu, Senior Director (Lead Analyst)
+1 (646) 731-2304
cindy.wu@kbra.com

Jack Morrison, Director
+1 (646) 731-2410
jack.morrison@kbra.com

Douglas J. Kilcommons, Managing Director
+1 (646) 731-3341
douglas.kilcommons@kbra.com

William Cox, Global Head of Corporate, Financial and Government Ratings
+1 (646) 731-2472
william.cox@kbra.com

Karen Daly, Senior Managing Director (Rating Committee Chair)
+1 (646) 731-2347
karen.daly@kbra.com

Business Development

William Baneky, Managing Director
+1 (646) 731-2409
william.baneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
james.kissane@kbra.com

Source: Kroll Bond Rating Agency



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