NEW YORK (Standard&Poor's) Nov. 24, 2014--Standard&Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Tender Option Bond series 2014-XF0001 Trust, puttable floating-rate receipts (floater receipts) and inverse floating-rate receipts (residual receipts), respectively, relating to Port Authority of New York&New Jersey's consolidated bonds, 152nd series. The series XF-0001 floaters and residuals (collectively the "receipts") are being issued under the first trust issued by fmsbonds, Inc. as both trustor and administrative agent, where the liquidity provider is JPMorgan Chase Bank, N.A. "The long-term component of the ratings on the floaters and residuals is based on the rating on the underlying bonds (CUSIP#: 73358T2T7)," said Standard&Poor's credit analyst Santos Souffront. The short-term component of
