Fitch rates Triborough Bridge bonds AA, AA-

Fitch Ratings said it assigned an AA rating to the $650 million series 2008C general revenue bonds issued by the Triborough Bridge and Tunnel Authority, N.Y., and an AA- rating to the $350 million series 2008D subordinate revenue bonds.

The bonds are expected to sell through negotiation during the week of July 14. Proceeds will be used to refund outstanding auction-rate securities.

Fitch affirmed its AA rating on the authority's $5.8 billion senior-lien revenue bonds outstanding and its AA- rating on the authority's $2.1 billion outstanding subordinate-lien revenue bonds. The outlook is stable.

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