NEW YORK (Standard&Poor's) Jan. 24, 2014--Standard&Poor's Ratings Services today raised its rating on Iowa Finance Authority's $220 million midwestern disaster area economic development revenue bonds series 2012 (for the CJ Bio America Inc. project) due April 1, 2022, to 'A+/A-1' from 'A/A-1', and removed it from CreditWatch, where we had placed it with positive implications on Aug. 30, 2013. The long- and short-term components of our rating on the bonds are based on the long- and short-term issuer credit ratings on the letter of credit (LOC) provider, Korea Development Bank ('A+/A-1'). The long-term component of our rating on the bonds addresses full and timely interest and principal payments when the bondholders have not exercised the put
