Standard&Poor's Ratings Services assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (PANYNJ) $350 million consolidated bonds, 136th series. The 'AA-' rating on all of the PANYNJ's outstanding consolidated notes and bonds is also affirmed. Standard&Poor's upgraded the long-term component of its rating on the PANYNJ's versatile structure obligations (VSO) series 1-6 to 'A+' from 'A-'. The short-term 'A-1+' 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 PANYNJ's consolidated bond reserve fund, the last fund in the
