Standard&Poor's Rating Services raised its rating on Austin, Texas' airport system refunding revenue bonds series 2005 (AMT) ,subseries 2005-1, 2005-2, and 2005-4 to 'AAA/A-1+' from 'AA+/A-1', following the addition of letters of credit (LOCs) provided by JPMorgan Chase Bank (AA-/A-1+) for series 2005-1 and 2005-2 and RBC Bank (AA+/A-1+) for series 2005-4. At the same time, Standard&Poor's raised its rating on the subseries 2005-3 bonds to 'AAA/A-1' from 'AA+/A-1', following the addition of an LOC provided by KBC Bank. Prior to the substitution, the long-term component of the rating reflected an existing bond insurance policy provided by Assured Guaranty (AA+). Going forward, the long-term component of the bond rating will reflect the higher of the rating
