Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities - S&P Global Ratings’ Credit Research

Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities

Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities - S&P Global Ratings’ Credit Research
Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities
Published Oct 06, 2014
7 pages (3619 words) — Published Oct 06, 2014
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (PANYNJ) 186th series and 187th series consolidated bonds. At the same time, Standard&Poor's affirmed its 'AA-' ratings on the PANYNJ's existing consolidated bonds and its 'A-1+' short-term rating on the authority's estimated $406 million in commercial paper (CP) notes (as of Aug. 31, 2014). Standard&Poor's also affirmed its 'AA-' rating on the series 1WTC-2011 New York Liberty Development Corp.'s liberty revenue bonds, which are on par with all of the PANYNJ's consolidated bonds. In addition, Standard&Poor's affirmed its 'A+' rating on the series 2011 liberty revenue bonds (issued for the 4 World Trade Center

  
Brief Excerpt:

...Standard & Poor's Ratings Services has assigned its '##-' rating to the Port Authority of New York and New Jersey's (PANYNJ) 186th series and 187th series consolidated bonds. At the same time, Standard & Poor's affirmed its '##-' ratings on the PANYNJ's existing consolidated bonds and its 'A-1+' short-term rating on the authority's estimated $406 million in commercial paper (CP) notes (as of Aug. 31, 2014). Standard & Poor's also affirmed its '##-' rating on the series 1WTC-2011 New York Liberty Development Corp.'s liberty revenue bonds, which are on par with all of the PANYNJ's consolidated bonds. In addition, Standard & Poor's affirmed its 'A+' rating on the series 2011 liberty revenue bonds (issued for the 4 World Trade Center [WTC] LLC project) paid from the authority's consolidated bond reserve (CBR) fund. The outlook on the long-term ratings is stable. The bonds will be on par with all other consolidated bonds and secured by a pledge of net revenues, the general reserve fund, and...

  
Report Type:

Full Report

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities" Oct 06, 2014. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1363048>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities Oct 06, 2014. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1363048>
  
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