SAN FRANCISCO (Standard&Poor's CreditWire) June 21, 2001--Standard&Poor's today assigned its double-'A' rating to Los Angeles Harbor Department, Calif.'s $34.7 million refunding revenue bonds series 2001A, $127.9 million refunding revenue bonds series 2001B, and $9.1 million refunding revenue bonds series 2002A. The bonds are scheduled to sell June 28, 2001. The outlook is positive. The rating reflects a very strong business position, a stable portfolio of assets, and strong historical and forecast financial performance and liquidity levels. This is the highest credit rating Standard&Poor's has placed on a U.S. port and it is among the highest of all transportation-related enterprises. Security for the port's $171.7 million in refunding revenue bonds is a lien on the
