NEW YORK (Standard&Poor's) Jan. 6, 2006—Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Port Authority of New York and New Jersey's $350 million consolidated bonds 142nd series. The bonds are expected to sell on Jan. 11. The outlook is stable. At the same time, Standard&Poor's affirmed its ratings on $8.4 billion in outstanding consolidated bonds and notes and $258 million in CP notes issued by the port authority. In addition, the rating agency affirmed its 'A+' long-term rating on the outstanding $532 million versatile structure obligations (VSO) series 1-6. The 'A-1+' short-term rating on the VSOs is based on the ratings of each respective liquidity bank providing liquidity to each series. The
