NEW YORK (Standard&Poor's) Dec. 7, 2012--Standard&Poor's Ratings Services today raised its ratings on Iowa Finance Authority's US$3.65 million variable-rate demand solid waste disposal revenue bonds series 2002 due July 1, 2018, to 'AA+/A-1+' from 'AA-/A-1+' The long-term component of our ratings on the bonds reflect our long-term issuer credit ratings on, as well as the joint support provided by, Wells Fargo Bank N.A. ('AA-'), the confirming letter of credit (LOC) provider, and a third-party support provider, which is confidentially rated, the fronting letter of credit, assuming a high correlation level between the two entities. The short-term component of our rating reflects only our short-term issuer credit rating on Wells Fargo Bank N.A. ('A-1+') because we currently
