NEW YORK (Standard&Poor's) June 14, 2013--Standard&Poor's Ratings Services has assigned its 'SP-1+' short-term rating to Los Angeles, Calif.'s tax and revenue anticipation notes (TRANs) series 2013. The 2013A TRANs mature Feb. 27, 2014; the 2013B TRANs, May 1, 2014; and the 2013C TRANs, June 26, 2014. "We believe there is good-to-strong coverage of TRANs repayment amounts by estimated net available general fund and debt service fund cash balances," said Standard&Poor's credit analyst Sussan Corson. The rating also reflects our view of Los Angeles': General creditworthiness (AA-/Stable general obligation rating); and History of relatively accurate cash flow projections. The notes are secured by available taxes, income, revenues, and other unrestricted funds that Los Angeles is
