Standard&Poor's Ratings Services confirmed its 'AAA/A-1' rating on Los Angeles, Calif.'s variable-rate wastewater system subordinate revenue refunding bonds series 2008A, due to the bank facility being extended to Jan. 31, 2013. The long-term and short-term components of the rating are based on the rating on the letter of credit provider, JPMorgan Chase Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009