Summary: Port Authority of New York&New Jersey; Appropriations; CP; Note; Ports/Port Authorities; Transit

S&P Global Ratings assigned its 'A+' rating to the Port Authority of New York&New Jersey's (PANYNJ) approximately $360.5 million 223rd, $303.7 million 224th, $150.6 million 225th, and $207.2 million 226th series consolidated bonds, using its "Global Not-For-Profit Transportation Infrastructure Enterprises" criteria, published Nov. 2, 2020. S&P Global Ratings also affirmed the following ratings: The 'A+' long-term rating on New York Liberty Development Corp.'s series 1WTC-2011; The 'A+' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; The 'A' long-term rating on the PANYNJ's series 2011 liberty revenue bonds; and The 'A-1' short-term rating on the authority's commercial paper (CP) notes reflecting the underlying rating on the PANYNJ and the

...S&P Global Ratings assigned its 'A+' rating to the Port Authority of New York & New Jersey's (PANYNJ) approximately $360.5 million 223rd, $303.7 million 224th, $150.6 million 225th, and $207.2 million 226th series consolidated bonds, using its "Global Not-For-Profit Transportation Infrastructure Enterprises" criteria, published Nov. 2, 2020. S&P Global Ratings also affirmed the following ratings: + The 'A+' long-term rating on New York Liberty Development Corp.'s series 1WTC-2011; + The 'A+' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; + The 'A' long-term rating on the PANYNJ's series 2011 liberty revenue bonds; and + The 'A-1' short-term rating on the authority's commercial paper (CP) notes reflecting the underlying rating on the PANYNJ and the authority's adequate liquidity support. The outlook, where applicable, is negative. A net revenue pledge of authority operations secures the consolidated...

Summary