Summary: Port Authority of New York&New Jersey New York Liberty Development Corp.; Appropriations; CP; Note; Ports/Port Authorities; Transit

S&P Global Ratings revised the outlook to positive from stable and affirmed its ratings on the Port Authority of New York&New Jersey's (PANYNJ) consolidated bonds and consolidated notes; New York Liberty Development Corp.'s (NYLDC) series 1WTC-2011; Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; and the PANYNJ's series 2021A liberty revenue bonds. At the same time, S&P Global Ratings assigned its 'A+' rating with a positive outlook to the PANYNJ's $70 million series 228A, $175 million series 228B, $160 million series 228C, $233.805 million series 228D, and $420 million 229th series consolidated bonds; and to NYLDC's $638.805 million 1WTC-2021 series liberty revenue refunding bonds (secured by PANYNJ consolidated bonds). The outlook

...S&P Global Ratings revised the outlook to positive from stable and affirmed its ratings on the Port Authority of New York & New Jersey's (PANYNJ) consolidated bonds and consolidated notes; New York Liberty Development Corp.'s (NYLDC) series 1WTC-2011; Newark Housing Authority, N.J.'s series 2017 Port Authority-Port Newark Marine Terminal additional rent-backed refunding bonds; and the PANYNJ's series 2021A liberty revenue bonds. At the same time, S&P Global Ratings assigned its 'A+' rating with a positive outlook to the PANYNJ's $70 million series 228A, $175 million series 228B, $160 million series 228C, $233.805 million series 228D, and $420 million 229th series consolidated bonds; and to NYLDC's $638.805 million 1WTC-2021 series liberty revenue refunding bonds (secured by PANYNJ consolidated bonds). The outlook revision reflects the diversity of the PANYNJ's operations that we believe will allow it to maintain an overall strong financial risk profile as activity levels, particularly in...

Summary