NEW YORK (Standard&Poor's) March 9, 2009--Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (PANYNJ or the authority) $100 million consolidated bonds, 154th series. The bonds will accrue interest on and after March 1, 2009, and are payable semiannually beginning Sept. 1, 2009, and on each March 1 and Sept. 1 thereafter until the bonds mature March 1, 2019. The bonds are on parity with all other consolidated bonds and are secured by a pledge of net revenues, the general reserve fund, and the consolidated reserve fund. At the same time, Standard&Poor's affirmed its 'AA-' rating and underlying rating on the authority's existing consolidated bonds
