Port Authority of New York&New Jersey's 197th And 198th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed - S&P Global Ratings’ Credit Research

Port Authority of New York&New Jersey's 197th And 198th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed

Port Authority of New York&New Jersey's 197th And 198th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed - S&P Global Ratings’ Credit Research
Port Authority of New York&New Jersey's 197th And 198th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed
Published Oct 28, 2016
Published Oct 28, 2016
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Abstract:

NEW YORK (S&P Global Ratings) Oct. 28, 2016--S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $432.755 million 197th and $350 million 198th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed its ratings on authority debt outstanding. "The 'AA-' rating reflects our opinion of the diversity of the PANYNJ's operations, very strong liquidity, and vital role in the region; and our expectation of continued strong DSC," said S&P Global Ratings credit analyst Joseph Pezzimenti. The new bonds will be on par with all other consolidated bonds. We expect officials to use the 197th and 198th bond proceeds to fund capital projects

  
Report Type:

Ratings Action

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Port Authority of New York&New Jersey's 197th And 198th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed" Oct 28, 2016. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-s-197th-And-198th-Series-Consolidated-Bonds-Rated-AA-Other-Ratings-Affirmed-1746877>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey's 197th And 198th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed Oct 28, 2016. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-s-197th-And-198th-Series-Consolidated-Bonds-Rated-AA-Other-Ratings-Affirmed-1746877>
  
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