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

S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) 195th and 196th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed 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 195th bond proceeds to fund capital expenditures and to refund certain PANYNJ obligations. S&P Global Ratings also affirmed its 'AA-' 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, S&P Global Ratings

...S&P Global Ratings has assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) 195th and 196th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed 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 195th bond proceeds to fund capital expenditures and to refund certain PANYNJ obligations. S&P Global Ratings 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, S&P Global Ratings affirmed its 'A+' rating, with a stable outlook, on the PANYNJ's 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. Finally, S&P Global Ratings affirmed its...

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