Moody’s Rates PANYNJ Bonds

Moody’s Investors Service “has assigned a Aa3 to the Port Authority of New York and New Jersey’s . . . Consolidated Bonds, One Hundred Ninety-Ninth Series. The 199th Series bonds are being issued in the amount of $236 million, while the sale amount of 197th Series was reduced to $238 million from $433 million. The par amount of 198th Series is unchanged at $350 million. Moody’s maintains the Aa3 rating on all outstanding parity consolidated bonds. The outlook is stable.”