Summary: Port Authority of New York&New Jersey Stifel Nicolaus&Co.; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Port Authority of New York&New Jersey Stifel Nicolaus&Co.; Residual Certificates; Tender Option Certificates/Bonds

Summary: Port Authority of New York&New Jersey Stifel Nicolaus&Co.; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Port Authority of New York&New Jersey Stifel Nicolaus&Co.; Residual Certificates; Tender Option Certificates/Bonds
Published Dec 29, 2022
5 pages (1941 words) — Published Dec 29, 2022
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Dec. 29, 2022 2022-XG0438 The Port Authority of New York and New Jersey consolidated bonds, 236th series second installment serial bonds&third installment term bonds Bank of America N.A. Stifel, Nicolaus&Co. Inc. BofA Securities Inc. Weekly S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively, the receipts), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and the liquidity facility, which is in place to support tender payments on the floaters. The long-term component of our rating on the floaters reflects

  
Brief Excerpt:

...The Port Authority of New York and New Jersey consolidated bonds, 236th series second installment serial bonds & third installment term bonds...

  
Report Type:

Summary

Issuer
Port Auth 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 Stifel Nicolaus&Co.; Residual Certificates; Tender Option Certificates/Bonds" Dec 29, 2022. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Port-Authority-of-New-York-New-Jersey-Stifel-Nicolaus-Co-Residual-Certificates-Tender-Option-Certificates-Bonds-2932874>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Port Authority of New York&New Jersey Stifel Nicolaus&Co.; Residual Certificates; Tender Option Certificates/Bonds Dec 29, 2022. 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-Stifel-Nicolaus-Co-Residual-Certificates-Tender-Option-Certificates-Bonds-2932874>
  
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