OVERVIEW We affirmed our ratings on seven classes from two stranded cost securitizations. Both the transactions are backed by stranded assets created by statute, with credit enhancement provided by true-up mechanisms and reserve accounts supporting our 'AAA (sf)' ratings in accordance with our criteria for stranded cost securitizations. NEW YORK (Standard&Poor's) July 16, 2012--Standard&Poor's Ratings Services today affirmed its 'AAA (sf)' ratings on three classes from Louisiana Local Government Environmental Facilities&Community Development Authority Series 2010 (Louisiana Utilities Restoration Corp. Project/Entergy Gulf States Bonds Louisiana LLC) and four classes from Series 2010 (Louisiana Utilities Restoration Corp. Project/Entergy Louisiana LLC). Both the transactions are stranded cost securitizations backed by system restoration bonds (see list). The affirmations
