The rating on Louisiana Local Government Environment Facilities and Community Development Authority's (Bioset of Shreveport LLC project) series A variable-rate revenue bonds has been placed on CreditWatch with negative implications. This follows the Nov. 4, 2002, placement of Toronto-Dominion Bank's rating on CreditWatch with negative implications. The rating is based on a confirming LOC provided by the Toronto Dominion Bank ('AA-/A-1+') and a fronting LOC provided by Hibernia National Bank of New Orleans ('BBB+/A-2').