Port Authority Of New York&New Jersey Consolidated Bond Rating Lowered To 'A+' From 'AA-' On Depressed Activity Levels - S&P Global Ratings’ Credit Research

Port Authority Of New York&New Jersey Consolidated Bond Rating Lowered To 'A+' From 'AA-' On Depressed Activity Levels

Port Authority Of New York&New Jersey Consolidated Bond Rating Lowered To 'A+' From 'AA-' On Depressed Activity Levels - S&P Global Ratings’ Credit Research
Port Authority Of New York&New Jersey Consolidated Bond Rating Lowered To 'A+' From 'AA-' On Depressed Activity Levels
Published Jun 26, 2020
3 pages (1561 words) — Published Jun 26, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

FARMERS BRANCH (S&P Global Ratings) June 26, 2020--S&P Global Ratings lowered its long-term rating on the Port Authority of New York&New Jersey's (PANYNJ) consolidated bonds to 'A+' from 'AA-'. The outlook is negative. At the same time, S&P Global Ratings assigned its 'A+' rating to the authority's $1.1 billion consolidated notes series AAA. S&P Global Ratings also took the following rating actions: Lowered the long-term rating on New York Liberty Development Corp.'s series 1WTC-2011 liberty revenue bonds to 'A+' from 'AA-'; Lowered the long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds to 'A+' from 'AA-'; Lowered the long-term rating on the PANYNJ's series 2011 liberty revenue bonds to

  
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 Consolidated Bond Rating Lowered To 'A+' From 'AA-' On Depressed Activity Levels" Jun 26, 2020. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-Of-New-York-New-Jersey-Consolidated-Bond-Rating-Lowered-To-A-From-AA-On-Depressed-Activity-Levels-2469953>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority Of New York&New Jersey Consolidated Bond Rating Lowered To 'A+' From 'AA-' On Depressed Activity Levels Jun 26, 2020. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-Of-New-York-New-Jersey-Consolidated-Bond-Rating-Lowered-To-A-From-AA-On-Depressed-Activity-Levels-2469953>
  
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