Standard&Poor's Ratings Services lowered its rating on Louisiana Public Facilities Authority's equipment and capital facility pooled programme adjustable-rate revenue bonds series 2002C confirming letter of credit-backed issue to 'AA+/A-1+' from 'AAA/A-1+' and subsequently removed it from CreditWatch with negative implications. This action follows Standard&Poor's downgrade of Capital One N.A. to 'BBB+/A-2' from 'A-/A-2' and subsequent removal of the rating on Capital One N.A from CreditWatch with negative implications. The long-term and short-term components of the rating are based jointly on Branch Banking&Trust Co. and Capital One N.A. assuming high correlation. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: "Municipal Applications For Joint Support Criteria," June 25,
