Standard&Poor's Ratings Services assigned its 'AA-' rating to the Port Authority of New York and New Jersey's $500 million consolidated bonds 143rd series. At the same time, Standard&Poor's affirmed its ratings on the port authority's $8.5 billion consolidated bonds and notes and $360 million CP notes. Standard&Poor's also affirmed its 'A+' long-term rating and 'A-1+' short-term rating on the port authority's $532 million versatile structure obligations (VSOs) series 1-6. The short-term rating is based on the ratings of each respective liquidity bank providing liquidity to each series. The VSOs are payable from the proceeds of obligations of the port authority (including consolidated bonds) or from the net revenues in the port authority's consolidated bond
