Fitch Ratings has downgraded the rating on the Port Authority of New York and New Jersey’s (PANYNJ) approximately $22.6 billion consolidated bonds and 1 WTC bonds to ‘A+’ from ‘AA-‘. In addition, Fitch has assigned an ‘A+’ rating to the approximately $1.0 billion series 223-226 consolidated bonds. Fitch has also downgraded the following long-term obligations …
The post Fitch Downgrades Port Authority of NY & NJ’s Bonds to ‘A+’; Removed from Negative Watch first appeared on Hellenic Shipping News...