Standard&Poor's Ratings Services assigned its 'AA' rating to the Los Angeles Harbor Department, Calif.'s $115.3 million series 2006D revenue bonds, issued for the Port of Los Angeles. Additionally, Standard&Poor's affirmed its 'AA' rating on the port's currently outstanding $770.7 million senior lien revenue bonds. The rating is based on the port's continued very strong business position, stable portfolio of assets, and excellent historical financial performance. This rating is among the highest of all Standard&Poor's transportation-related enterprises. The Port of Los Angeles' specific credit strengths include: A dominant market position as the largest U.S. container port, with strong demand for its facilities as demonstrated by 7.3 million cargo containers (20-foot equivalent units [TEUs], a standard
