NEW YORK (Standard&Poor's) Oct. 27, 2009--Standard&Poor's Ratings Services has assigned its 'AA-' long-term rating to the Port Authority of New York and New Jersey's (PANYNJ or the authority) $300 million consolidated bonds, 161st series. Interest on each maturity of the bonds accrues on and after Oct. 15, 2009 until the bonds mature or are redeemed, and are payable semiannually beginning April 15, 2010, and on each Oct. 15 and April 15 until they mature Oct. 15, 2039, or are redeemed. These bonds are on par with all other consolidated bonds and are secured by a pledge of net revenues, the general reserve fund, and the consolidated reserve fund. Standard&Poor's also affirmed its 'AA-' long-term
