Standard&Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to the Port Authority of New York and New Jersey's (PANYNJ) consolidated bonds, 148th series. At the same time, Standard&Poor's affirmed its 'AA-' rating and underlying rating (SPUR) on the Port Authority's existing consolidated bonds, consolidated notes, and CP notes; its 'A+/A-1+' split rating on the Port Authority's versatile structure obligations (VSO) series one to six; and its 'A+' rating on the Port Authority's VSO series seven. The outlook is stable. The short-term component on the VSO series one to six is based on the ratings of the respective liquidity banks providing liquidity to each series. All of the VSO series, including series seven, are payable
