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New Jersey Turnpike Authority's 2011 Revenue Bonds Rated 'A+'; Other Ratings Affirmed; Outlook Stable Nov 11 Product Image

New Jersey Turnpike Authority's 2011 Revenue Bonds Rated 'A+'; Other Ratings Affirmed; Outlook Stable Nov 11

  • Published: November 2011
  • Region: New Jersey
  • Standard & Poors

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 READ MORE >

- New Jersey Tpk Auth

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