NEW YORK (Standard&Poor's) Nov. 7, 2002--Standard&Poor's Ratings Services today assigned its double-'A'-minus rating to the Port Authority of New York and New Jersey's $250 million 128th series consolidated bonds and to the $75 million 129th series consolidated bonds. The outlook is negative. The double-'A'-minus rating on all Port Authority outstanding debt is affirmed. "The rating reflects Standard&Poor's continuing view that the Port Authority's financial profile has remained strong enough to support the existing rating due to its diversity of operations, very strong liquidity, and critical position in the region, along with anticipated solid debt service coverage for the current and upcoming fiscal year," said credit analyst Laura Macdonald. The Port Authority's airports--LaGuardia Airport (LGA),
