Fitch Rates Triborough Bridge & Tunnel Auth's (NY) Gen'l Rev Bank Bnds 'AA-'

(PressMethod) - Fitch Ratings assigns an 'AA-' bank bond rating to the Triborough Bridge and Tunnel Authority (TBTA, or the authority), New York's following bonds:
--$206.2 million general revenue variable rate bonds, series 2003B;
--$132.8 million general revenue variable rate bonds, series 2005A;
--$195.6 million general revenue variable rate refunding bonds, series 2005B-2.
In addition, Fitch affirms the underlying long-term rating of the following:
--$6.663 billion outstanding general revenue bonds at 'AA-';
--$1.837 billion outstanding subordinate revenue bonds at 'A+.'
The Rating Outlook is Stable for all bonds.
KEY RATING DRIVERS
CRITICAL ASSET: The essentiality of the bridge and tunnel system which provides critical transportation links in the New York metropolitan area and the importance of the system to the economy of the New York region.
DEMONSTRATED TOLL INCREASES: The system has a mature and stable traffic base with historically strong ratemaking flexibility.

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