The rating on Louisiana Public Facilities Authority's equipment and capital facility pooled in program variable-rate revenue bonds series 2001C, based on letters of credit supplied by KBC Bank N.V. and Hibernia National Bank, New Orleans, has been lowered to 'A-/A-2' from 'AA/A-1' due to the KBC Bank N.V. letter of credit expiring. 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 July 11, 2005. 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 Web site at www.standardandpoors.com; under
