NEW YORK (Standard&Poor's) Oct. 18, 2010--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) $425 million 164th series consolidated bonds and $425 million 165th series consolidated bonds. "The 'AA-' rating reflects our opinion of the diversity of PANYNJ's operations, its very strong liquidity for the ratings, its vital role in the region, and our expectation of continued solid debt service coverage," said Standard&Poor's credit analyst Joseph Pezzimenti. Bond proceeds will be allocated to capital projects in connection with One World Trade Center (WTC), the retail components of the WTC site, and other WTC sitewide infrastructure. Standard&Poor's also affirmed
