Port Authority Of New York&New Jersey Rating Outlook Revised To Positive From Stable On Improved Operations - S&P Global Ratings’ Credit Research

Port Authority Of New York&New Jersey Rating Outlook Revised To Positive From Stable On Improved Operations

Port Authority Of New York&New Jersey Rating Outlook Revised To Positive From Stable On Improved Operations - S&P Global Ratings’ Credit Research
Port Authority Of New York&New Jersey Rating Outlook Revised To Positive From Stable On Improved Operations
Published Dec 07, 2021
4 pages (1941 words) — Published Dec 07, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Dec. 7, 2021--S&P Global Ratings revised the outlook to positive from stable and affirmed its ratings on the Port Authority of New York&New Jersey's (PANYNJ) consolidated bonds and consolidated notes; New York Liberty Development Corp.'s (NYLDC) series 1WTC-2011; Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; and the PANYNJ's series 2021A liberty revenue bonds. At the same time, S&P Global Ratings assigned its 'A+' rating with a positive outlook to the PANYNJ's $70 million series 228A, $175 million series 228B, $160 million series 228C, $233.805 million series 228D, and $420 million 229th series consolidated bonds; and to NYLDC's $638.805 million 1WTC-2021 series liberty revenue refunding bonds

  
Brief Excerpt:

...December 7, 2021 NEW YORK (S&P Global Ratings) Dec. 7, 2021--S&P Global Ratings revised the outlook to positive from stable and affirmed its ratings on the Port Authority of New York & New Jersey's (PANYNJ) consolidated bonds and consolidated notes; New York Liberty Development Corp.'s (NYLDC) series 1WTC-2011; Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; and the PANYNJ's series 2021A liberty revenue bonds. At the same time, S&P Global Ratings assigned its 'A+' rating with a positive outlook to the PANYNJ's $70 million series 228A, $175 million series 228B, $160 million series 228C, $233.805 million series 228D, and $420 million 229th series consolidated bonds; and to NYLDC's $638.805 million 1WTC-2021 series liberty revenue refunding bonds (secured by PANYNJ consolidated bonds). "The outlook revision reflects the diversity of the PANYNJ's operations that we believe will allow it to maintain an overall strong...

  
Report Type:

Ratings Action

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Port Authority Of New York&New Jersey Rating Outlook Revised To Positive From Stable On Improved Operations" Dec 07, 2021. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-Of-New-York-New-Jersey-Rating-Outlook-Revised-To-Positive-From-Stable-On-Improved-Operations-2774727>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority Of New York&New Jersey Rating Outlook Revised To Positive From Stable On Improved Operations Dec 07, 2021. 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-Rating-Outlook-Revised-To-Positive-From-Stable-On-Improved-Operations-2774727>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.