NEW YORK (Standard & Poor's) Nov. 23, 2011--Standard & Poor's Ratings Services has assigned its 'A+' rating to the New Jersey Turnpike Authority's (NJTA) series 2011 revenue bonds. At the same time, Standard & Poor's affirmed it 'A+' rating on the authority's revenue bonds outstanding. The outlook is stable. "The 'A+' rating reflects our assessment of the toll roads' essential position, combined with a stable operating profile and low toll structure," said Standard & Poor's credit analyst Adam Torres. The authority owns and operates both the New Jersey Turnpike and the Garden State Parkway. The New Jersey Turnpike is a 122-mile, limited-access toll road that serves as part of the Interstate 95 corridor and is the primary north-south highway through...
Companies mentioned in this report are:
- New Jersey Tpk Auth
Action: New Rating
Action: Outlook: Stable
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Research type: News
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