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

S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $412 million, 209th series; $300 million, 210th series; and $200 million, 211th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria, published March 12, 2018. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AA-' rating, with a stable outlook, on the PANYNJ's previously issued consolidated bonds. The new bonds will be on par with all other consolidated bonds. The 209th series' bond proceeds will refund the authority's 153rd series and fund capital projects or refund other obligations. The 210th and 211th series' bond proceeds will fund capital projects. After the

...S&P Global Ratings has assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $412 million, 209th series; $300 million, 210th series; and $200 million, 211th series consolidated bonds, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria, published March 12, 2018. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##-' rating, with a stable outlook, on the PANYNJ's previously issued consolidated bonds. The new bonds will be on par with all other consolidated bonds. The 209th series' bond proceeds will refund the authority's 153rd series and fund capital projects or refund other obligations. The 210th and 211th series' bond proceeds will fund capital projects. After the proposed bonds are issued, the PANYNJ will have approximately $21.6 billion of consolidated bonds outstanding. S&P Global Ratings also affirmed its '##-' rating, with a stable outlook, on New York Liberty Development Corp.'s...

Summary