SAN FRANCISCO (Standard&Poor's) Aug. 4, 2010-- Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Portland, Ore.'s nearly $412.06 million series 2010A second lien sewer system revenue bonds. Additionally, Standard&Poor's affirmed its 'AA' long-term and underlying rating (SPUR) on the city's outstanding parity first and second lien sewer system revenue bonds. The outlook is stable. "The rating reflects our view of the consistent rate increases by the city council to support the city's capital program and to maintain a good financial profile," said Standard&Poor's credit analyst Misty Newland. "Further supporting the rating is our view of management's solid planning standards and reserve policies, as well as participating in the broad Portland metropolitan
