Standard&Poor's Ratings Services has assigned its 'A' long-term rating to Philadelphia, Pa.'s series 2013 A and B water and wastewater bonds and affirmed the following ratings: The 'A' long-term rating and underlying rating (SPUR) on the city's existing water and wastewater revenue debt; The 'AAA/A-1' rating on the city's series 2005B bonds, which are jointly secured by the city and the letter of credit (LOC) provider Bank of America N.A.; and The 'AAA/A-1+' rating on the city's series 1997B bonds, which are jointly secured by the city and the LOC provider TD Bank N.A. The outlook on the ratings is stable, except for when joint criteria has been applied to the issue's long-term rating, in which case the
