Research Update: Port Authority of New York&New Jersey 249th, 250th Series Consolidated Bonds Rated 'AA-'; Outlook Is Stable - S&P Global Ratings’ Credit Research

Research Update: Port Authority of New York&New Jersey 249th, 250th Series Consolidated Bonds Rated 'AA-'; Outlook Is Stable

Research Update: Port Authority of New York&New Jersey 249th, 250th Series Consolidated Bonds Rated 'AA-'; Outlook Is Stable - S&P Global Ratings’ Credit Research
Research Update: Port Authority of New York&New Jersey 249th, 250th Series Consolidated Bonds Rated 'AA-'; Outlook Is Stable
Published Aug 07, 2025
9 pages (4822 words) — Published Aug 07, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' long-term rating to the Port Authority of New York&New Jersey 's (PANYNJ) pro forma $173.8 million 249th series (AMT) and $963.5 million 250th series (Non-AMT) 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 the 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

  
Brief Excerpt:

...We also affirmed our '##-' long-term rating and underlying rating (SPUR) on PANYNJ's consolidated bonds outstanding....

  
Report Type:

Research Update

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Port Authority of New York&New Jersey 249th, 250th Series Consolidated Bonds Rated 'AA-'; Outlook Is Stable" Aug 07, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Port-Authority-of-New-York-New-Jersey-249th-250th-Series-Consolidated-Bonds-Rated-AA-Outlook-Is-Stable-3421102>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Port Authority of New York&New Jersey 249th, 250th Series Consolidated Bonds Rated 'AA-'; Outlook Is Stable Aug 07, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Port-Authority-of-New-York-New-Jersey-249th-250th-Series-Consolidated-Bonds-Rated-AA-Outlook-Is-Stable-3421102>
  
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