NEW YORK (Standard&Poor's) Oct. 5, 2010--Standard&Poor's Ratings Services said today that it assigned its 'A' rating to LOOP LLC's (A/Stable/A-1) proposed 2010B-2 unsecured Deepwater Port Revenue Bonds offering of $30 million. The Louisiana Offshore Terminal Authority is issuing the bonds for LOOP. LOOP, the owner/operator of a deepwater oil port off the Louisiana coast, intends to use proceeds to build two 600,000 barrel crude oil storage facilities. The project adds five tanks to LOOP's storage capacity, with the company financing the remaining three tanks with the $70 million series 2010B-1 bonds issued Sept. 1, 2010. As of June 2010, the company had $460.6 million in balance-sheet debt. RELATED CRITERIA AND RESEARCH Rating Criteria For U.S. Midstream
