NEW YORK (Standard&Poor's CreditWire) Jan. 12, 2001--Standard&Poor's today assigned its double-'A'-minus rating to the Port Authority of New York and New Jersey's $250 million consolidated bonds, 122nd series, and $100 million consolidated bonds, 123rd series. The bonds are scheduled to sell Jan. 17, 2001, and the outlook is stable. In addition, Standard&Poor's affirmed its double-'A'-minus rating on the authority's outstanding consolidated notes and bonds. The rating on the consolidated bonds reflects: ý-- A first lien on a strong and diverse pledged revenue stream with substantial liquid reserves totaling more than $1.6 billion available to bondholders; ý-- Strong demand in metropolitan New York and New Jersey for the authority's services and facilities; ý-- Solid financial
