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

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

Summary: Port Authority of New York&New Jersey; Appropriations; Note; Ports/Port Authorities; Transit - S&P Global Ratings’ Credit Research
Summary: Port Authority of New York&New Jersey; Appropriations; Note; Ports/Port Authorities; Transit
Published Jun 05, 2023
13 pages (6039 words) — Published Jun 05, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $250 million 238th and $465 million 239th series consolidated bonds. In addition, we affirmed our 'AA-' long-term rating and underlying rating (SPUR) on the PANYNJ's consolidated bonds outstanding. We affirmed our 'AA-' long-term rating on the PANYNJ's series AAA consolidated notes. We affirmed our 'AA-' long-term rating on New York Liberty Development Corp.'s series 1WTC-2021 liberty revenue bonds. We affirmed our 'AA-' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds. We affirmed our 'A+' long-term rating on the PANYNJ's series 2021A and 2021B liberty revenue bonds based on the weakest

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##-' rating to the Port Authority of New York & New Jersey's (PANYNJ) pro forma $250 million 238th and $465 million 239th series consolidated bonds. + In addition, we affirmed our '##-' long-term rating and underlying rating (SPUR) on the PANYNJ's consolidated bonds outstanding. + We affirmed our '##-' long-term rating on the PANYNJ's series ### consolidated notes. + We affirmed our '##-' long-term rating on New York Liberty Development Corp.'s series 1WTC-2021 liberty revenue bonds. + We affirmed our '##-' long-term rating on Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds. + We affirmed our 'A+' long-term rating on the PANYNJ's series 2021A and 2021B liberty revenue bonds based on the weakest link between New York City and the PANYNJ. + The outlook is stable....

  
Report Type:

Summary

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Port Authority of New York&New Jersey; Appropriations; Note; Ports/Port Authorities; Transit" Jun 05, 2023. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Port-Authority-of-New-York-New-Jersey-Appropriations-Note-Ports-Port-Authorities-Transit-2996414>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Port Authority of New York&New Jersey; Appropriations; Note; Ports/Port Authorities; Transit Jun 05, 2023. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Port-Authority-of-New-York-New-Jersey-Appropriations-Note-Ports-Port-Authorities-Transit-2996414>
  
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