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 Nov 15, 2019
12 pages (6265 words) — Published Nov 15, 2019
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) 217th and 218th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria. At the same time, S&P Global Ratings affirmed its 'AA-' rating on the PANYNJ's previously issued consolidated bonds. The outlook is stable. The new bonds will be on par with other consolidated bonds. The 217th and 218th series bond proceeds will fund capital projects in connection with facilities of the PANYNJ or refund other obligations. With this issuance and refunding, the PANYNJ will have approximately $22.4 billion of consolidated bonds outstanding. S&P Global Ratings also affirmed its 'AA-' rating, with a stable outlook, on New York

  
Brief Excerpt:

...S&P Global Ratings assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) 217th and 218th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria. At the same time, S&P Global Ratings affirmed its '##-' rating on the PANYNJ's previously issued consolidated bonds. The outlook is stable. The new bonds will be on par with other consolidated bonds. The 217th and 218th series bond proceeds will fund capital projects in connection with facilities of the PANYNJ or refund other obligations. With this issuance and refunding, the PANYNJ will have approximately $22.4 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 the authority's consolidated bonds. In addition, S&P Global Ratings affirmed its 'A+' rating, with a stable outlook, on the...

  
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" Nov 15, 2019. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-2348452>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities Nov 15, 2019. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-2348452>
  
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