Standard&Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'A+' from 'A' on the Port of Oakland, Calif.'s senior-lien revenue bonds and raised its SPUR on the port's intermediate-lien revenue bonds to 'A' from 'A-'. The outlook is stable. In addition, Standard&Poor's assigned its 'A+' rating to the port's $390.5 million 2012 series P, series Q, and series R senior-lien refunding revenue bonds. Standard&Poor's also assigned its 'A+' SPUR to maturities of the existing 2002 series L bonds, which previously only carried an insured rating. The outlook on all the bonds is stable. We base the ratings on our view that management's implementation of its financial plan has led to results that
