May 9, 2025 DB-8179 The Port Authority of New York and New Jersey, consolidated bonds, two hundred forty-eighth series. Deutsche Bank AG, New York branch DB Municipal Holdings LLC Deutsche Bank Securities Inc. Daily S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively the receipts), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the receipts. Trust assets include all distributions of principal, interest, and premiums, if any, from the underlying securities and the liquidity facility, which is in place to support tender payments on the floaters. The long-term component of our rating on the floaters reflects the ratings on the underlying
