NY -- Standard&Poor's CreditWire 7/2/97 -- Standard&Poor's has assigned its `A-1'-plus rating to San Francisco Airport Commission, Calif.'s $300 million subordinate commercial paper notes series A and B. The rating is based on an irrevocable LOC severally provided by Bayerische Landesbank Girozentrale (administrative agent) and Morgan Guaranty Trust Co. of New York. Note proceeds will finance a portion of the airport commission's $2.4 billion capital program. Chase Manhattan Bank, as issuing and paying agent, will draw on the LOC to pay principal and interest on the notes at maturity. The LOC expires April 30, 1999 or earlier according to its terms. Commercial paper notes mature not more than 270 days from date of issue and by
