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

Standard&Poor's Ratings Services has assigned its 'AA-' rating and stable outlook to the Port Authority of New York&New Jersey's (PANYNJ) $500 million 192nd series, $307 million 193rd series, and $1.2 billion 194th series consolidated bonds. The outlook is stable. At the same time, Standard&Poor's its 'AA-' rating, with a stable outlook, on the PANYNJ's existing consolidated bonds. The new bonds will be on par with all other consolidated bonds. We expect officials to use the 192nd bond proceeds to fund capital expenditures, the 193rd bond proceeds for refunding purposes, and the 194th bond proceeds for refunding purposes and to fund $200 million of capital expenditures. Standard&Poor's also affirmed its 'AA-' rating, with

...Standard & Poor's Ratings Services has assigned its '##-' rating and stable outlook to the Port Authority of New York & New Jersey's (PANYNJ) $500 million 192nd series, $307 million 193rd series, and $1.2 billion 194th series consolidated bonds. The outlook is stable. At the same time, Standard & Poor's its '##-' rating, with a stable outlook, on the PANYNJ's existing consolidated bonds. The new bonds will be on par with all other consolidated bonds. We expect officials to use the 192nd bond proceeds to fund capital expenditures, the 193rd bond proceeds for refunding purposes, and the 194th bond proceeds for refunding purposes and to fund $200 million of capital expenditures. Standard & Poor's also affirmed its '##-' rating, with a stable outlook, on New York Liberty Development Corp.'s series 1WTC-2011 liberty revenue bonds, which are on par with all of the authority's consolidated bonds. In addition, Standard & Poor's affirmed its 'A+' rating, with a stable outlook, on the PANYNJ's series...

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