NEW YORK (Standard&Poor's) Sept. 24, 2004-- Standard&Poor's Ratings Services assigned its 'SP-1+' rating to the Port Authority of New York and New Jersey's (PANYNJ) $200 million consolidated notes series WW and to the $200 million consolidated notes series XX. The outlook is stable. It also affirmed its 'AA-' rating on the PANYNJ's $7 billion outstanding consolidated bonds, and its 'A+' long-term rating on the outstanding $554.5 million versatile structure obligations (VSO) Series 1-6. Standard&Poor's bases its 'SP-1+' rating on the 'AA-' long-term credit rating on the PANYNJ and the PANYNJ's proven ability to access the capital market. It bases its short-term rating on the VSO on the ratings of each respective liquidity bank providing
