Port Authority of New York&New Jersey 236th, 237th Series Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research

Port Authority of New York&New Jersey 236th, 237th Series Bonds Assigned 'AA-' Rating

Port Authority of New York&New Jersey 236th, 237th Series Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research
Port Authority of New York&New Jersey 236th, 237th Series Bonds Assigned 'AA-' Rating
Published Dec 09, 2022
3 pages (1396 words) — Published Dec 09, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Dec. 9, 2022--S&P Global Ratings assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $300 million 236th and $100 million 237th series consolidated bonds. In addition, we affirmed our 'AA-' long-term and underlying rating (SPUR) on PANYNJ's existing consolidated bonds outstanding. We affirmed our 'AA-' long-term rating on the PANYNJ's series AAA consolidated notes. We affirmed our 'AA-' long-term rating on New York Liberty Development Corp.'s series 1WTC-2021 liberty revenue bonds. We affirmed our 'AA-' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds. We affirmed our 'A+' long-term rating on the PANYNJ's series 2021A and 2021B liberty

  
Brief Excerpt:

...December 9, 2022 NEW YORK (S&P Global Ratings) Dec. 9, 2022--S&P Global Ratings assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $300 million 236th and $100 million 237th series consolidated bonds. In addition, we affirmed our '##-' long-term and underlying rating (SPUR) on PANYNJ's existing consolidated bonds outstanding. We affirmed our '##-' long-term rating on the PANYNJ's series ### consolidated notes. We affirmed our '##-' long-term rating on New York Liberty Development Corp.'s series 1WTC-2021 liberty revenue bonds. We affirmed our '##-' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds. We affirmed our 'A+' long-term rating on the PANYNJ's series 2021A and 2021B liberty revenue bonds based on the weakest link between New York City and the PANYNJ. We affirmed our 'A-1+' short-term rating on the authority's commercial paper (CP) notes based...

  
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 236th, 237th Series Bonds Assigned 'AA-' Rating" Dec 09, 2022. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-236th-237th-Series-Bonds-Assigned-AA-Rating-2928101>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey 236th, 237th Series Bonds Assigned 'AA-' Rating Dec 09, 2022. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-236th-237th-Series-Bonds-Assigned-AA-Rating-2928101>
  
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.