Fitch Ratings has assigned an 'AA' underlying rating to the following general revenue variable-rate bonds for the Triborough Bridge and Tunnel Authority, NY (TBTA):
--$145.76 million series 2001B;
--$145.76 million series 2001C.
Fitch has also assigned an 'AA' long term rating to the corresponding bank bonds. The bonds are currently being remarketed and Fitch will separately assign additional ratings to the new issues based on bank enhancement. In addition, Fitch also affirms the following outstanding ratings for the TBTA:
--$6.2 billion general revenue bonds 'AA';
--$2.1 billion subordinate revenue bonds 'AA-'.
The Rating Outlook is Stable.
For more information, see Fitch's July 11 press release 'Fitch Rates Triborough Bridge and Tunnel Authority (New York) $1B revs 'AA/AA-' available at www.fitchratings.com.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.