New Jersey Turnpike Authority's 2011 Revenue Bonds Rated 'A+'; Other Ratings Affirmed; Outlook Stable Nov 11
Standard & Poors, November 2011
Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- New Jersey Tpk Auth
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