SAN FRANCISCO (Standard&Poor's CreditWire) March 28, 2000--Standard&Poor's today assigned its single-'A'-plus rating to Port of Oakland, Calif.'s $400 million AMT revenue bonds series 2000K. The bonds are scheduled to sell March 29, 2000. The outlook is stable. In addition, Standard&Poor's affirmed its single-'A'-plus underlying rating (SPUR) on the port's $260.49 million revenue and refunding revenue bonds series 1997G and 1997H. The outlook is stable. The bonds are legally secured by a gross pledge of all port revenues. The Port of Oakland operates the Oakland International Airport, the maritime facilities of the port, and several commercial real estate projects including Jack London Square. The affirmation of the single-'A'-plus rating reflects the credit strengths: -- Revenue
