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Port Authority of New York&New Jersey's 199th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed

Published Nov 04, 2016

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Abstract:

NEW YORK (S&P Global Ratings) Nov. 4, 2016--S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) $236.4 million 199th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed its ratings on parity bonds 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 debt service coverage," said S&P Global Ratings credit analyst Joseph Pezzimenti. The new bonds, which were directly purchased by Bank of America, N.A., will be on par with all other consolidated bonds. We expect officials to use the 199th bond proceeds to

Report Type:

Ratings Action

Issuer

Port Authority of New York&New Jersey

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Port Authority of New York&New Jersey's 199th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed" Nov 04, 2016. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-s-199th-Series-Consolidated-Bonds-Rated-AA-Other-Ratings-Affirmed-1751749>

APA:	S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey's 199th Series Consolidated Bonds Rated 'AA-'; Other Ratings Affirmed Nov 04, 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-199th-Series-Consolidated-Bonds-Rated-AA-Other-Ratings-Affirmed-1751749>

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