SAN FRANCISCO (Standard&Poor's) July 31, 2006--Standard&Poor's Ratings Services assigned its 'AA' rating to the Los Angeles Harbor Department, Calif.'s $115.3 million series 2006D revenue bonds, issued for the Port of Los Angeles. Additionally, Standard&Poor's affirmed its 'AA' rating on the port's currently outstanding $770.7 million senior lien revenue bonds. The rating is based on the port's continued very strong business position, stable portfolio of assets, and excellent historical financial performance. This rating is among the highest of all Standard&Poor's transportation-related enterprises. The outlook is stable. "The port, which has a dominant market position as the largest U.S. container port, has strong debt service coverage, which was at 3.5x in fiscal 2005, and
