Port Authority of New York&New Jersey's 244th Series Consolidated Bonds Rated 'AA-'; Outlook Stable - S&P Global Ratings’ Credit Research

Port Authority of New York&New Jersey's 244th Series Consolidated Bonds Rated 'AA-'; Outlook Stable

Port Authority of New York&New Jersey's 244th Series Consolidated Bonds Rated 'AA-'; Outlook Stable - S&P Global Ratings’ Credit Research
Port Authority of New York&New Jersey's 244th Series Consolidated Bonds Rated 'AA-'; Outlook Stable
Published Apr 23, 2024
3 pages (1326 words) — Published Apr 23, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) April 23, 2024--S&P Global Ratings assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $650 million 244th series consolidated bonds. We also affirmed our 'AA-' long-term rating and underlying rating (SPUR) on PANYNJ's consolidated bonds outstanding. In addition, we affirmed our 'AA-' long-term rating on New York Liberty Development Corp.'s series 1WTC-2021 liberty revenue bonds, and our 'AA-' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds. Finally, we affirmed our 'A+' long-term rating and SPUR on PANYNJ's series 2021A and 2021B liberty revenue bonds based on the weakest link between New York City and the PANYNJ. The

  
Brief Excerpt:

...3157308 | 300128896 information is available to RatingsDirect subscribers at www.capitaliq.com. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.spglobal.com/ratings....

  
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 244th Series Consolidated Bonds Rated 'AA-'; Outlook Stable" Apr 23, 2024. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-s-244th-Series-Consolidated-Bonds-Rated-AA-Outlook-Stable-3157308>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York&New Jersey's 244th Series Consolidated Bonds Rated 'AA-'; Outlook Stable Apr 23, 2024. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-New-Jersey-s-244th-Series-Consolidated-Bonds-Rated-AA-Outlook-Stable-3157308>
  
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