NEW YORK (Standard&Poor's) Dec. 1, 2010--Standard&Poor's Ratings Services today affirmed its 'AA-/A-1+' rating on Louisiana Public Facilities Authority's $15.3 million gulf opportunity zone facilities revenue bonds series 2008 (for the Celtic Management Corp. project) due Dec. 1, 2028. Today's rating action reflects the Louisiana Public Facilities Authority's issuance of additional series 2008 (Celtic Management Corp.) bonds in the amount of $5.3 million effective Dec. 1, 2010. The rating on the bonds reflects our opinion of the credit and liquidity support that JPMorgan Chase Bank N.A. ('AA-/A-1+') provides in the form of an amended and restated irrevocable transferable letter of credit (LOC). Under the LOC, JPMorgan Chase fully supports all bond payment obligations when the bonds are
