Standard&Poor's Ratings Services has assigned its 'AA/A-1+' rating to Colorado Educational and Cultural Facilities Authority's revenue bonds, series 2005, issued on behalf of the Linfield Christian School Project. The rating is based on an irrevocable direct-pay confirming letter of credit (CLOC) provided by Wells Fargo Bank N.A. (AA/A-1+). In addition, the bonds are supported with a letter of credit (LOC) provided by Evangelical Christian Credit Union (NR). The LOC, which initially expires on Nov. 15, 2010, unless terminated earlier pursuant to its terms, covers the purchase price of tendered but unremarketed bonds as well as principal of and up to 34 days' interest calculated at the maximum rate of 10%. The bonds will initially be offered in the
