Moody’s on MTA Bridge and Tunnel Bonds

Moody’s Investor Services “has assigned a Aa3 to the Triborough Bridge and Tunnel Authority’s (TBTA) General Revenue Variable Rate Refunding Bonds, Subseries 2005B-4a ($27.0 million), Subseries 2005B-4b ($37.5 million), and Subseries 2005B-4e ($45.2 million). Moody’s has also affirmed the Aa3 rating on the TBTA’s parity outstanding general revenue bonds totaling approximately $7.12 billion and the A1 rating on the subordinate lien general revenue bonds totaling $1.66 billion. We have also affirmed the VMIG1 ratings on the Series 2005B-4a bonds. The outlook on the long term ratings is stable.”