KBRA assigns an AA+ rating and stable outlook to TBTA’s PMT Senior Lien Repayment Green Bonds, Subseries 2022D-1a and 2022D-1b and Senior Green Bonds, Subseries 2022D-2
NEW YORK–(BUSINESS WIRE)–KBRA assigns a long-term AA+ rating to the Triborough Bridge and Tunnel Authority (TBTA) Payroll Mobility Tax (PMT) Senior Lien Green Bonds, Series 2022D (Climate Bond Certified), which consists of:
Payroll Mobility Tax Senior Privilege Refunding Green Bonds, Subseries 2022D-1a (Climate Bond Certified)
Payroll Mobility Tax Senior Privilege Refunding Green Bonds, Subseries 2022D-1b (Capital Appreciation Bonds – Climate Bond Certified)
Payroll Mobility Tax Senior Preferred Green Bond Subseries 2022D-2 (Climate Bond Certified)
The outlook for all of the above bonds is stable.
At the same time, KBRA confirms the AA+ long-term rating, with a stable outlook, on the outstanding Senior Lien PMT bonds issued by TBTA and the K1+ short-term rating on the outstanding PMT Bond Anticipation Notes (BAN) bonds issued by the TBTA and Metropolitan Transportation Authority (MTA).
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Further information on key credit considerations, sensitivity analyzes that consider factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.
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Only ratings on securities issued by this issuer that are also listed in the security ratings tab for this issuer on KBRA.com as “approved” by Kroll Bond Rating Agency Europe Limited in the European Union and/or by Kroll Bond Rating Agency UK Limited in the United Kingdom are covered by the disclosures set out in this press release and the relevant information disclosure form. No other ratings on issues of this issuer have been approved in the European Union or the United Kingdom, and the information set out herein and in the relevant Disclosure Form is inapplicable to such ratings and cannot not be used for regulatory purposes by the European Union or the United Kingdom. investors in these securities.
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