NEW YORK (Standard&Poor's) April 14, 2006--Standard&Poor's Ratings Services assigned its 'AA-' rating to the Port Authority of New York and New Jersey's $300 million consolidated bonds 143rd series. The bonds are expected to sell April 19. The outlook is stable. At the same time, Standard&Poor's affirmed its ratings on the port authority's $8.5 billion consolidated bonds and notes and $360 million CP notes. Standard&Poor's also affirmed its 'A+' long-term rating and 'A-1+' short-term rating on the port authority's $532 million versatile structure obligations (VSOs) series 1-6. The short-term rating is based on the ratings of each respective liquidity bank providing liquidity to each series. The VSOs are payable from the proceeds of
