• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: New Jersey Turnpike Authority; Toll Roads Bridges Sep 09 Product Image

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

  • Published: 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 >

- New Jersey Tpk Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS