New Jersey Turnpike Authority's 2011 Revenue Bonds Rated 'A+'; Other Ratings Affirmed; Outlook Stable Nov 11
- Language: English
- Published: November 2011
- Region: New Jersey
Standard & Poor's Ratings Services affirmed its 'A' rating and underlying rating (SPUR), with a stable outlook, on the New Jersey Turnpike Authority's turnpike revenue parity bonds. The rating affirmation does not incorporate any potential plans that the state might have for forming a highly leveraged public benefit corporation to operate the roads. The nature of any changes remains highly uncertain at present and is not factored into the rating. We would evaluate any changes at the time of their occurrence. The 'A' rating reflects the following fundamental credit strengths: A very large toll road system with a dominant market position and a large, diverse, and growing economic base that supports traffic volume; A longstanding stable operating profile, with 2000-2006...
Companies mentioned in this report are:
- New Jersey Tpk Auth
Action: Outlook: Stable
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