S&P Global Ratings has assigned its 'AA-' rating to the Port Authority of New York&New Jersey's (PANYNJ) pro forma $50 million 203rd and $138.1 million 204th series consolidated bonds. The outlook is stable. At the same time, S&P Global Ratings affirmed the following: Its 'AA-' rating, with a stable outlook, on the PANYNJ's existing consolidated bonds; Its 'AA-' rating, with a stable outlook, on New York Liberty Development Corp.'s series 1WTC-2011 liberty revenue bonds, which are on par with the authority's consolidated bonds; Its 'A+' rating, with a stable outlook, on the PANYNJ's series 2011 liberty revenue bonds, issued for the 4 World Trade Center (WTC) LLC project, paid from the consolidated bond reserve (CBR) fund; and Its