Standard&Poor's Ratings Services assigned its 'A+' rating to Municipal Improvement Corp. of Los Angeles, Calif.'s series 2016-A (capital equipment) and 2016-B (real property) refunding lease revenue bonds, issued for Los Angeles, Calif. At the same time, Standard&Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the corporation's outstanding lease revenue and judgment obligation bonds. Finally, Standard&Poor's affirmed its 'AA-' long-term rating and SPUR on Los Angeles' general obligation (GO) bonds. The outlook is stable. In connection with the 2016-A equipment lease and 2016-B facility lease, the city makes base rental payments to the Municipal Improvement Corp. of Los Angeles, a nonprofit public benefit corporation, for use of the leased equipment. The leased
