SAN FRANCISCO (Standard&Poor's) June 16, 2014-- Standard&Poor's Ratings Services assigned its 'SP-1+' short-term rating to Los Angeles, Calif.'s tax and revenue anticipation notes (TRANs) series 2014. The 2014 TRANs mature June 25, 2015. "The rating reflects our view of Los Angeles' good to strong coverage at TRAN repayment set asides and final maturity by projected annual general fund cash balances and the city's general creditworthiness," said Standard&Poor's credit analyst Jennifer Hansen. "Further supporting the rating is our view of the city's history of relatively accurate cash flow projections," Ms. Hansen added. We understand that Los Angeles is issuing the notes to prepay its pension actuarially required contribution for fiscal 2015, as well as to
