Summary: Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities - S&P Global Ratings’ Credit Research

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

Summary: Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities - S&P Global Ratings’ Credit Research
Summary: Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities
Published Jul 06, 2017
8 pages (3634 words) — Published Jul 06, 2017
Price US$ 225.00  |  Buy this Report Now

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 $727.5 million, 205th series; and $100 million, 206th 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. The 205th series bond proceeds will refund the authority's 149th series and to fund capital projects or refund other obligations. The 206th series bonds proceeds will fund capital projects or refund other PANYNJ obligations. S&P Global Ratings also affirmed its 'AA-' rating, with a stable outlook, on New York Liberty Development

  
Brief Excerpt:

...S&P Global Ratings has assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $727.5 million, 205th series; and $100 million, 206th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##-' rating, with a stable outlook, on the PANYNJ's existing consolidated bonds. The new bonds will be on par with all other consolidated bonds. The 205th series bond proceeds will refund the authority's 149th series and to fund capital projects or refund other obligations. The 206th series bonds proceeds will fund capital projects or refund other PANYNJ obligations. S&P Global Ratings also affirmed its '##-' rating, with a stable outlook, on New York Liberty Development Corp.'s series 1WTC-2011 liberty revenue bonds, which are on par with the authority's consolidated bonds. In addition, S&P Global Ratings affirmed its 'A+' rating, with a stable outlook, on the PANYNJ's series 2011 liberty revenue bonds, issued for the...

  
Report Type:

Summary

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities" Jul 06, 2017. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1879026>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Port Authority of New York&New Jersey; Appropriations; CP; Ports/Port Authorities Jul 06, 2017. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Port-Authority-of-New-York-New-Jersey-Appropriations-CP-Ports-Port-Authorities-1879026>
  
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