Port Authority Of New York&New Jersey 217th, 218th Consolidated Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research

Port Authority Of New York&New Jersey 217th, 218th Consolidated Bonds Assigned 'AA-' Rating

Port Authority Of New York&New Jersey 217th, 218th Consolidated Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research
Port Authority Of New York&New Jersey 217th, 218th Consolidated Bonds Assigned 'AA-' Rating
Published Nov 15, 2019
3 pages (1369 words) — Published Nov 15, 2019
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) Nov. 15, 2019--S&P Global Ratings assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) 217th and 218th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria. At the same time, S&P Global Ratings affirmed its 'AA-' rating on the PANYNJ's previously issued consolidated bonds. The outlook is stable. S&P Global Ratings also affirmed its 'AA-' rating, with a stable outlook, on New York Liberty Development Corp.'s series 1WTC-2011 liberty revenue bonds, which are on par with the authority's consolidated bonds. In addition, S&P Global Ratings affirmed its 'A+' rating, with a stable outlook, on the PANYNJ's series 2011 liberty revenue bonds, issued for the 4

  
Brief Excerpt:

...November 15, 2019 NEW YORK (S&P Global Ratings) Nov. 15, 2019--S&P Global Ratings assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) 217th and 218th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria. At the same time, S&P Global Ratings affirmed its '##-' rating on the PANYNJ's previously issued consolidated bonds. The outlook is stable. S&P Global Ratings also affirmed its '##-' rating, with a stable outlook, on New York Liberty Development Corp.'s series 1WTC-2011 liberty revenue bonds, which are on par with the authority's consolidated bonds. In addition, S&P Global Ratings affirmed its 'A+' rating, with a stable outlook, on the PANYNJ's series 2011 liberty revenue bonds, issued for the 4 World Trade Center (WTC) LLC project, paid from the authority's consolidated bond reserve fund. S&P Global Ratings also affirmed its 'A-1+' short-term rating on the authority's commercial paper...

  
Report Type:

Ratings Action

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Port Authority Of New York&New Jersey 217th, 218th Consolidated Bonds Assigned 'AA-' Rating" Nov 15, 2019. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-Of-New-York-New-Jersey-217th-218th-Consolidated-Bonds-Assigned-AA-Rating-2341146>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority Of New York&New Jersey 217th, 218th Consolidated Bonds Assigned 'AA-' Rating Nov 15, 2019. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-Of-New-York-New-Jersey-217th-218th-Consolidated-Bonds-Assigned-AA-Rating-2341146>
  
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