Port Authority of New York&New Jersey's 205th And 206th Series Consolidated Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research

Port Authority of New York&New Jersey's 205th And 206th Series Consolidated Bonds Rated 'AA-'

Port Authority of New York&New Jersey's 205th And 206th Series Consolidated Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research
Port Authority of New York&New Jersey's 205th And 206th Series Consolidated Bonds Rated 'AA-'
Published Jul 06, 2017
3 pages (1244 words) — Published Jul 06, 2017
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) July 6, 2017--S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $727.5 million, 205th series; and $100 million, 206th 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. The 205th series bond proceeds will refund the authority's 149th series and to fund

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) July 6, 2017--S&P Global Ratings has assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $727.5 million, 205th series; and $100 million, 206th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed its ratings on authority debt outstanding. "The '##-' 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. The 205th series bond proceeds will refund the authority's 149th series and to fund capital projects or refund other obligations. The 206th series bonds proceeds will fund capital projects or refund other PANYNJ obligations. For 2016, the combined revenue passengers for PANYNJ's three major airports -- John F. Kennedy International Airport,...

  
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 205th And 206th Series Consolidated Bonds Rated 'AA-'" Jul 06, 2017. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-s-205th-And-206th-Series-Consolidated-Bonds-Rated-AA-1879022>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey's 205th And 206th Series Consolidated Bonds Rated 'AA-' Jul 06, 2017. 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-s-205th-And-206th-Series-Consolidated-Bonds-Rated-AA-1879022>
  
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