Moody's Investors Service said it expects that the Triborough Bridge and Tunnel Authority (TBTA) should be able to absorb revenue losses sustained by the facilities that closed due to the impact of Hurricane Sandy, though already low liquidity could be further reduced.
TBTA Should be Able to Absorb Impact of Hurricane Sandy: Moody's
NOV 8, 2012 7:29am ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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