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Summary: New Jersey Turnpike Authority; Toll Roads Bridges Sep 09

  • ID: 2031866
  • September 2009
  • Region: New Jersey
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to the New Jersey Turnpike Authority-s (NJTA or the authority) $35 million turnpike revenue bonds, series 2009G. The authority will use bond proceeds to refund bonds outstanding. At the same time, Standard & Poor's affirmed its rating on NJTA's $6.6 billion turnpike revenue bonds outstanding. The outlook is stable. In our opinion, the 'A+' rating reflects a dominant market position combined with a stable operating profile, and low toll rate structure. The authority owns and operates both the New Jersey Turnpike and the Garden State Parkway. The 'A+' rating reflects our opinion of the following fundamental credit strengths: A very large toll road system with a dominant market position...

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 >

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- New Jersey Tpk Auth

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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