NY -- Standard&Poor's CreditWire 8/7/98 – Standard&Poor's today assigned its double-'A'-minus rating to Port Authority of New York and New Jersey's $100 million consolidated revenue bonds 114th series dated Aug. 1, 1998 due Aug. 1, 2033 and $65 million consolidated revenue bonds 115th series dated Aug. 1, 1998 due Aug. 1, 2008. The bonds are scheduled to sell Aug. 12, 1998. At the same time, Standard&Poor's affirmed its double-'A'-minus rating on the authority's $5.3 billion outstanding consolidated notes and bonds. The rating on the authority's consolidated bonds and notes reflects: -- A first lien on a strong and diverse pledged revenue stream; -- Substantial liquid reserves totaling over $1.1 billion; -- The metropolitan New
