NEW YORK (Standard&Poor's) April 16, 2007--Standard&Poor's Ratings Services assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (PANYNJ, or the Port Authority) $450 million consolidated bonds series 147. At the same time, Standard&Poor's affirmed its 'AA-' rating on the Port Authority's $9 billion of consolidated bonds, its ratings on the PANYNJ's $350 million in consolidated notes, and its 'A-1+' short-term rating on PANYNJ's $320 million in CP notes. Standard&Poor's also affirmed its 'A+/A-1+' rating on the Port Authority's $520 million versatile structure obligations (VSO) series 1-6. The short-term component is based on the ratings of the respective liquidity banks providing liquidity to each series. The VSO obligations
