Port Authority of New York and New Jersey's Series 7 VSOs Rated 'A+'; Outlook Stable - S&P Global Ratings’ Credit Research

Port Authority of New York and New Jersey's Series 7 VSOs Rated 'A+'; Outlook Stable

Port Authority of New York and New Jersey's Series 7 VSOs Rated 'A+'; Outlook Stable - S&P Global Ratings’ Credit Research
Port Authority of New York and New Jersey's Series 7 VSOs Rated 'A+'; Outlook Stable
Published Jun 27, 2007
Published Jun 27, 2007
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) June 27, 2007--Standard&Poor's Ratings Services assigned its 'A+' rating to the Port Authority of New York and New Jersey's (PANYNJ, or the Port Authority) $350 million versatile structure obligations (VSO), series 7. The VSOs are auction rate securities. At the same time, Standard&Poor's affirmed its 'AA-' rating on the Port Authority's $9.3 billion of consolidated bonds, along with its ratings on the PANYNJ's $350 million in consolidated notes and its 'A-1+' short-term rating on PANYNJ's $271 million in CP notes. Standard&Poor's also affirmed its 'A+/A-1+' rating on the Port Authority's $520 million VSOs series 1-6. The 'AA-' rating reflects the diversity of the Port Authority's operations, its very strong

  
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 Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Port Authority of New York and New Jersey's Series 7 VSOs Rated 'A+'; Outlook Stable" Jun 27, 2007. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-and-New-Jersey-s-Series-7-VSOs-Rated-A-Outlook-Stable-587496>
  
APA:
S&P Global Ratings’ Credit Research. (). Port Authority of New York and New Jersey's Series 7 VSOs Rated 'A+'; Outlook Stable Jun 27, 2007. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Port-Authority-of-New-York-and-New-Jersey-s-Series-7-VSOs-Rated-A-Outlook-Stable-587496>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.