NEW YORK (Standard&Poor's) May 2, 2008--Standard&Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to the Port Authority of New York And New Jersey's (PANYNJ) $400 million series 152 consolidated bonds. At the same time, Standard&Poor's affirmed its 'AA-' rating and underlying rating (SPUR) on the Port Authority's existing consolidated bonds and consolidated notes, its 'A-1+' rating on the Port Authority's commercial paper (CP) notes, and its 'A+/A-1+' split rating on the Port Authority's series one to six versatile structure obligations (VSOs). The short-term component on the series one to six VSOs reflects the ratings of the respective liquidity banks providing liquidity to each series. All of the VSO series are payable from
