SAN FRANCISCO (Standard&Poor's) May 19, 2009--Standard&Poor's Ratings Services assigned its 'AA' rating to the Los Angeles Harbor Department, Calif.'s $200.0 million series 2009A and B revenue bonds and $550.0 million series 2009C refunding revenue bonds, issued for the Port of Los Angeles. Additionally, Standard&Poor's affirmed its 'AA' rating and underlying rating (SPUR) on the port's currently outstanding $740.0 million senior-lien revenue bonds. The outlook is stable. "The ratings are based on our view of the port's continued very strong business position, stable portfolio of assets, and excellent historical financial performance," said Standard&Poor's credit analyst Mary Ellen Wriedt. "The port enjoys a dominant market position as the largest U.S. container port." Proceeds will
