Standard&Poor's Ratings Services assigns an 'SP-1+' rating to the Port Authority of New York and New Jersey's $250 million consolidated notes series VV due on Dec. 15, 2003, and an 'AA-' rating to the $84 million 130th series consolidated bonds. The ratings are also affirmed on all outstanding consolidated notes and bonds issued by the Port Authority of New York and New Jersey. The rating reflects Standard&Poor's continuing view that the Port Authority of New York and New Jersey'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 continued solid debt service coverage for the current
