NEW YORK (Standard&Poor's) Aug. 10, 2007--Standard&Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to the Port Authority of New York and New Jersey's $500 million consolidated bonds, 148th series. At the same time, Standard&Poor's affirmed its 'AA-' rating and underlying rating (SPUR) on the Port Authority's $9.3 billion consolidated bonds, $350.0 million consolidated notes, and $271.0 million CP notes; its 'A+/A-1+' split rating on the Port Authority's $520 million versatile structure obligations (VSO) series one to six; and its 'A+' rating on the Port Authority's $350 million VSO series seven. The outlook is stable. The short-term component on the VSO series one to six is based on the ratings of the respective
