Summary: Port Authority of New York&New Jersey; Appropriations; 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 $187.4 million 227th 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 previously issued consolidated bonds; The 'A+' long-term rating on the consolidated notes series AAA; 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,

...S&P Global Ratings assigned its 'A+' rating to the Port Authority of New York & New Jersey's (PANYNJ) approximately $187.4 million 227th 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 previously issued consolidated bonds; + The 'A+' long-term rating on the consolidated notes series ###; + 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 stable....

Summary