SAN FRANCISCO (Standard&Poor's CreditWire) Feb. 15, 2000--Standard&Poor's today affirmed its single-`A'-minus rating on the San Francisco Port Commission's $43.67 million revenue bonds series 1994. The outlook is stable. The rating affirmation reflects the following credit strengths: -- The commission's successful efforts to improve its financial margins and overall management systems, -- A significant 29% overall increase in commercial and industrial revenues between 1993 and 1999, and -- Low debt burden with final maturity in 2009 and no additional debt anticipated in the near term. Offsetting factors include concentration in operating revenues from commercial and retail sources (86% or $36.7 million in 1999), which are more susceptible to fluctuations in the local economy, and a lack of
