Standard&Poor's Ratings Services revised its rating outlook to stable from positive on Los Angeles Harbor Department, Calif.'s outstanding debt. The revision reflects Standard&Poor's present view of the new operating environment and exposure to risk in the port sector and transportation sectors in general. While the Harbor Department's Port of Los Angeles is well positioned with respect to its financial protections, insurance coverage, and essential role in U.S. transportation infrastructure, exposure to event risk that could result in a rapid deterioration in credit quality, given the port's current and likely future resources, is deemed to be among limiting factors. Additionally, Standard&Poor's affirmed its 'AA' rating on the department's outstanding $748 million senior lien revenue bonds,
