Standard&Poor's Ratings Services has assigned its 'AA-' rating to the Port Authority of New York and New Jersey's (PANYNJ) $1 billion consolidated bonds, 168th 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 $321 million in CP notes. The outlook on the long-term ratings is stable. Interest on each maturity accrues on and after Oct. 6, 2011, until the bonds mature or are redeemed, and are payable semiannually beginning April 1, 2012, and on each Oct. 1 and April 1 until they mature Oct. 1, 2051, or are redeemed. These issues are on par with all other consolidated
