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S&P rates Triborough Bridge bonds AA-, A+
Standard & Poor's said it assigned a rating of AA- to the $650 million series 2008C general revenue bonds issued by the Triborough Bridge and Tunnel Authority, N.Y., and a rating of A+ to its $350 million series 2008D subordinate revenue bonds. The outlook is stable.
The bonds are due Nov. 15, 2028.
S&P affirmed its AA- rating on the authority's $5.8 billion senior-lien revenue bonds outstanding and its A+ rating on its $2.1 billion subordinate-lien revenue bonds.
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