In its June 18 warning about the creditworthiness of New York State Thruway Authority’s general revenue bonds, Moody’s revealed that the authority expects to debt finance much of the estimated $5.4-billion cost of the Tappan Zee Bridge (TZB) replacement “with parity bonds under its existing bond resolution.”
A Moody’s spokesman said the Thruway Authority approved use of that language in the agency’s credit rating report on a Thruway Authority bond issue this month . . .











