Standard&Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to the Port Authority of New York and New Jersey's (PANYNJ) series 150 and 151 consolidated bonds. At the same time, Standard&Poor's affirmed its 'AA-' rating and underlying rating (SPUR) on the Port Authority's existing consolidated bonds and consolidated notes, its 'A-1+' rating on the Port Authority's commercial paper notes, its 'A+/A-1+' split rating on the Port Authority's series one to six versatile structure obligations (VSOs), and its 'A+' rating on the Port Authority's series seven and eight VSOs. The outlook is stable. The authority will use bond proceeds to refund its series seven and eight VSOs. The short-term component on the series one to six
