Home Credit Ratings and Research S&P Global Ratings’ Credit Research Port Authority of New York&New Jersey

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

Published Oct 28, 2016

About This Report

Abstract:

S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $432.755 million 197th and $350 million 198th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AA-' rating, with a stable outlook, on the PANYNJ's existing consolidated bonds. The new bonds will be on par with all other consolidated bonds. We expect officials to use the 197th and 198th bond proceeds to fund capital projects in connection with PANYNJ facilities and to refund some consolidated bonds and commercial paper outstanding. S&P Global Ratings also affirmed its 'AA-' rating, with a stable outlook, on New York Liberty Development Corp.'s series 1WTC-2011 liberty revenue

Report Type:

Summary

Issuer

Port Authority of New York&New Jersey

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities" Oct 28, 2016. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1746885>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities Oct 28, 2016. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1746885>

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