The rating on Louisiana Public Facilities Authority's equipment and capital facilities pooled loan program revenue bonds series 2003A, based on letters of credit provided by Lloyds TSB Bank PLC and Hibernia National Bank, New Orleans, has been lowered to 'A-/A-2' from 'AAA/A-1+' due to the Lloyds TSB Bank PLC letter of credit expiring on April 29, 2004. The rating is now based solely on the letter of credit provided by Hibernia National Bank, New Orleans. This letter of credit is scheduled to expire on April 29, 2008. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard&Poor's public
