Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to Los Angeles, Calif.'s $149 million series 2013A wastewater system revenue bonds and $204 million series 2013B wastewater revenue refunding bonds. In addition, we assigned our 'AA' rating to the wastewater system's $363 million series 2013A subordinate lien wastewater revenue refunding bonds. We also affirmed our 'AA+' long-term and underlying rating (SPUR) on the city's outstanding senior-lien wastewater revenue bonds, and affirmed our 'AA' long-term and underlying rating (SPUR) on the city's outstanding subordinate lien wastewater revenue bonds. The outlook is stable. The ratings reflect our view of: Recent city council approval of annual rate increases of 4.5% to 6.5% through fiscal 2021, which are likely to provide for continued
