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) pro forma $300 million, 210th series and $400 million, 211th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria, published March 12, 2018. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AA-' rating, with a stable outlook, on the PANYNJ's previously issued consolidated bonds. The new bonds will be on par with all other consolidated bonds. The 210th series' bond proceeds will fund any authorized purpose at the time of issuance. The 211th series' bond proceeds will fund capital projects or refund other obligations. With this issue, the PANYNJ will have approximately

...S&P Global Ratings has assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $300 million, 210th series and $400 million, 211th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria, published March 12, 2018. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##-' rating, with a stable outlook, on the PANYNJ's previously issued consolidated bonds. The new bonds will be on par with all other consolidated bonds. The 210th series' bond proceeds will fund any authorized purpose at the time of issuance. The 211th series' bond proceeds will fund capital projects or refund other obligations. With this issue, the PANYNJ will have approximately $21.4 billion of consolidated bonds outstanding. 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...

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