Port Authority of New York&New Jersey's 210th And 211th Consolidated Bond Series Rated 'AA-'; Other Ratings Affirmed

NEW YORK (S&P Global Ratings) Aug. 9, 2018--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. S&P Global Ratings also affirmed its 'AA-' 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,

...NEW YORK (S&P Global Ratings) Aug. 9, 2018--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. 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 PANYNJ's series 2011 liberty revenue bonds, issued for the 4 World Trade Center (WTC) LLC project. Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on the authority's...

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