• +353-1-416-8900(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 Nov 07 Product Image

Summary: New Jersey Turnpike Authority; Toll Roads Bridges Nov 07

  • Published: November 2007
  • Region: New Jersey
  • Standard & Poors

Abstract
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: Affirmed
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 READ MORE >

- New Jersey Tpk Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS