Standard&Poor's Ratings Services assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (Port Authority) $200 million consolidated bonds, 139th series. Standard&Poor's also affirmed its ratings on the Port Authority's $8.1 billion outstanding consolidated bonds and notes and $280 million in commercial paper notes. In addition, Standard&Poor's affirmed its 'A+' long-term rating on the outstanding $554.5 million Versatile Structure Obligations (VSOs), series 1-6. The short-term rating on the VSOs is based on the ratings of each respective liquidity bank providing liquidity to each series. The VSOs are payable from the proceeds of obligations of the Port Authority (including consolidated bonds) or from the net revenues in its consolidated bond reserve
