Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (PANYNJ) $400 million consolidated bonds, 169th series. At the same time, Standard&Poor's affirmed its 'AA-' long-term and underlying ratings on PANYNJ's existing consolidated bonds and its 'A-1+' short-term rating on the authority's approximately $331 million in commercial paper (CP) notes. The outlook on the long-term ratings is stable. Interest on each maturity accrues on and after Oct. 15, 2011, until the bonds mature or are redeemed, and are payable semiannually beginning April 15, 2012, and on each Oct. 15 and April 15 until they mature Oct. 15, 2041, or are redeemed. These issues are on par with all
