NEW YORK (Standard&Poor's) Jan. 12, 2012--Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (PANYNJ) $400 million consolidated bonds, 171st series. At the same time, Standard&Poor's affirmed its 'AA-' long-term and underlying ratings on PANYNJ's existing consolidated bonds and its 'A-1+' short-term rating on the authority's approximately $396 million in commercial paper notes. Standard&Poor's also affirmed its 'AA-' rating on the series 1WTC-2011 New York Liberty Development Corp.?s liberty revenue bonds, which are on par with all of PANYNJ's consolidated bonds. The outlook on the long-term ratings is stable. "The 'AA-' rating reflects our opinion of the diversity of PANYNJ's operations, the authority's
