Standard&Poor's Ratings Services assigned its 'AA/A-1' and 'AA' ratings to Barclays Capital Inc.'s series 2013-11UX floating-rate trust receipts (floater-TRs) and residual interest trust receipts (RI-TRs), respectively, relating to Los Angeles' series 2013A wastewater system subordinate lien revenue refunding bonds. The long-term component of the rating on the floater-TRs and RI-TRs is based on the 'AA' rated underlying bonds. The short-term component of the rating on the floater-TRs is based on the rating on Barclays Bank PLC until May 1, 2014. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and
