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Bond calls/redemption notices/defeasance
TBTA Subordinate Revenue Refunding Bonds, Series 2013A
Notice of Redemption for certain TBTA Subordinate Revenue Bonds, Series 2013A (unrefunded CUSIP of 2024 maturity), on May 15, 2023
TBTA General Revenue Refunding Bonds, Series 2012B
Notice of Redemption for certain TBTA General Revenue Bonds, Series 2012B (2023 and 2024 maturities), on March 16, 2023
TBTA General Revenue Bonds, Series 2009A-1, 2012A, 2012B, 2013C and Subordinate Revenue Bonds, Series 2013A
Notice of Defeasance and Designation for Prior Redemption for certain TBTA General Revenue and Subordinate Revenue Bonds, on February 14, 2023
Dedicated Tax Fund Bonds Series 2012A and Transportation Revenue Bonds, Subseries 2002D-1, 2012B, 2012C, 2012D, 2012E, 2012F, and 2012H
Notice of Redemption for certain Dedicated Tax Fund Bonds and Transportation Revenue Bonds, on January 12, 2023
Letter of Credit (LOC) Substitutions
None at this time.
Mandatory Tender Notices
TBTA Series 2001C
Notice of Mandatory Tender (CUSIP 89602RED3) on June 22, 2023
TBTA Subseries 2005B-3
Notice of Mandatory Tender (CUSIP 89602REB7) on June 22, 2023
Ratings actions
On May 22, 2023, S&P Global Ratings downgraded the enhanced long-term ratings on variable rate bonds TBTA Subseries 2003B-1 and TBTA Subseries 2005B-4c to AA+ and short-term ratings to A-1, as result of its downgrade of U.S. Bank, N.A. (LOC provider for the bonds). See S&P Release.
Financial obligations
None at this time.
Voluntary disclosure notices
Notice filed regarding the upgrade of Barclays Bank PLC's S&P's Long-Term Issuer Credit rating to A+ on May 19, 2023 and outlook to stable, posted May 25, 2023. Note, while Barclays Bank PLC provides Letters of Credit for TRB 2012G-1, TRB 2005E-1, TRB 2015E-1 and TBTA 2005A, the enhanced ratings on the four subseries were not affected at that time.
Notice filed regarding the downgrade of U.S. Bank N.A.'s S&P's Long-Term Issuer Credit rating from AA- to A+ on May 11, 2023, posted May 16, 2023. Note, while U.S. Bank N.A. provides Letters of Credit for TBTA Subseries 2003B-1 and Subseries 2005B-4c, the enhanced ratings on the two subseries were not affected at that time.
Notice regarding the upgrade of Bank of America N.A.'s Moody's Counterparty Risk Assessment rating from Aa2 to Aa1 on May 3, 2023, posted May 16, 2023. Note, while Bank of America, N.A provides Letters of Credit for TRB Subseries 2005E-2 and TRB Subseries 2015E-3, the enhanced ratings on the two subseries were not affected.
Notice regarding the issuance of Subordinated Contract Obligation No. 1, with redacted Certificate of Determination attached, dated May 11, 2023
Notice to Investors regarding certain Dedicated Tax Fund Bonds and filing of NYCT Financials, dated May 3, 2023
Notice regarding the downgrade of U.S. Bank N.A.'s Moody's Counterparty Risk Assessment rating from Aa3 to A1 on April 21, 2023, posted May 2, 2023. Note, while U.S. Bank N.A. provides Letters of Credit for TBTA Subseries 2003B-1 and Subseries 2005B-4c, the enhanced ratings on the two subseries were not affected.
Notice regarding Rescission of the 12/21/22 Conditional Redemption for Dedicated Tax Fund Refunding Bonds, Series 2012A, dated January 6, 2023
Notice regarding Rescission of the 12/21/22 Conditional Redemption for certain Transportation Revenue Bonds, dated January 6, 2023