Port Authority Of New York&New Jersey Series 233, 234, 235 Consolidated Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research

Port Authority Of New York&New Jersey Series 233, 234, 235 Consolidated Bonds Assigned 'AA-' Rating

Port Authority Of New York&New Jersey Series 233, 234, 235 Consolidated Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research
Port Authority Of New York&New Jersey Series 233, 234, 235 Consolidated Bonds Assigned 'AA-' Rating
Published Sep 09, 2022
3 pages (1410 words) — Published Sep 09, 2022
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Abstract:

NEW YORK (S&P Global Ratings) Sept. 9, 2022--S&P Global Ratings assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $150 million 233rd (tax-exempt non-AMT), $250 million 234th (AMT), and $50 million 235th (taxable) series consolidated bonds. In addition, S&P Global Ratings affirmed the following ratings: The 'AA-' long-term and underlying rating (SPUR) on PANYN's consolidated bonds outstanding; The 'AA-' long-term rating on the PANYNJ's series AAA consolidated notes; The 'AA-' long-term rating on New York Liberty Development Corp.'s series 1WTC-2021 liberty revenue bonds; The 'AA-' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; The 'A+' long-term rating on the PANYNJ's series 2021A

  
Brief Excerpt:

...September 9, 2022 NEW YORK (S&P Global Ratings) Sept. 9, 2022--S&P Global Ratings assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $150 million 233rd (tax-exempt non-AMT), $250 million 234th (AMT), and $50 million 235th (taxable) series consolidated bonds. In addition, S&P Global Ratings affirmed the following ratings: - The '##-' long-term and underlying rating (SPUR) on PANYN's consolidated bonds outstanding; - The '##-' long-term rating on the PANYNJ's series ### consolidated notes; - The '##-' long-term rating on New York Liberty Development Corp.'s series 1WTC-2021 liberty revenue bonds; - The '##-' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; - The 'A+' long-term rating on the PANYNJ's series 2021A liberty revenue bonds based on the weakest link between New York City and the PANYNJ; and - The 'A-1+' short-term rating on the authority's...

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Port Authority Of New York&New Jersey Series 233, 234, 235 Consolidated Bonds Assigned 'AA-' Rating" Sep 09, 2022. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-Of-New-York-New-Jersey-Series-233-234-235-Consolidated-Bonds-Assigned-AA-Rating-2890184>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority Of New York&New Jersey Series 233, 234, 235 Consolidated Bonds Assigned 'AA-' Rating Sep 09, 2022. 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-Series-233-234-235-Consolidated-Bonds-Assigned-AA-Rating-2890184>
  
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