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 Jan 19, 2018
7 pages (3441 words) — Published Jan 19, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $688.315 million, 207th series and $154.805 million, 208th 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. The 207th series' bond proceeds will refund the authority's 151st and 152nd series and fund capital projects or refund other obligations. The 208th series' bond proceeds will refund the authority's 150th series and fund capital projects or refund other obligations. S&P Global Ratings also affirmed its 'AA-' rating, with a stable

  
Brief Excerpt:

...S&P Global Ratings has assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $688.315 million, 207th series and $154.805 million, 208th 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. The 207th series' bond proceeds will refund the authority's 151st and 152nd series and fund capital projects or refund other obligations. The 208th series' bond proceeds will refund the authority's 150th series and fund capital projects or refund other 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 the authority's consolidated bonds. In addition, S&P Global Ratings affirmed its 'A+' rating, with a stable outlook, on the PANYNJ's series...

  
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" Jan 19, 2018. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1983190>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities Jan 19, 2018. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1983190>
  
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