Standard&Poor's Ratings Services has assigned its 'AA-' long-term rating to the Port Authority of New York and New Jersey's (PANYNJ or the authority) $225 million consolidated bonds, 167th series. Interest on each maturity accrues on and after March 15, 2011, until the bonds mature or are redeemed, and are payable semiannually beginning Sept. 15, 2011, and on each March 15 and Sept. 15 until they mature March 15, 2028, or are redeemed. These issues are on par with all other consolidated bonds and are secured by a pledge of net revenues, the general reserve fund, and the consolidated reserve fund. Bond proceeds will refund PANYNJ's versatile structure obligations series 1 and 4. The rest will pay down the
