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) $350 million consolidated bonds, 141st series, and affirmed its ratings on PANYNJ's $8.6 billion of outstanding consolidated bonds and notes and $256 million of CP notes. In addition, Standard&Poor's affirmed its 'A+' long-term rating on PANYNJ's $542 million of outstanding versatile structure obligations (VSOs) series 1-6. The 'A-1+' short-term rating on the VSOs is based on the ratings of each respective liquidity bank providing liquidity to each series. The VSO obligations are payable from the proceeds of obligations of the PANYNJ (including consolidated bonds) or from the net revenues in the port authority's consolidated
