Standard&Poor's Ratings Services raised its ratings on Macon Trust's variable-rate and inverse-rate certificates series 2002J, relating to the city of Los Angeles, Calif.'s wastewater system revenue refunding bonds series 2002A, to 'AA+/A-1' and 'AA+' from 'AA/A-1' and 'AA', respectively. This action follows Standard&Poor's April 13, 2012 upgrade of its rating on the underlying bonds to 'AA+' from 'AA'. The long-term component of the rating is based on the rating on the underlying bonds (CUSIP #s: 544652M64, 54465256). The short-term component of the rating is based on the liquidity provided by Bank of America N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the
