Fitch Ratings Assigns AA- Rating to Port Authority of New York and New Jersey Bonds Related to Freedom Tower

Fitch Ratings has assigned an ‘AA-‘ rating to the Port Authority of New York and New Jersey’s (the authority) $500 million of consolidated bonds 146th series (alternative minimum tax). The bonds sole competitively on Dec. 6, 2006. Bond proceeds will be applied to fund various capital plan projects.

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