Standard&Poor's Ratings Services assigned its 'A-1', 'A-1', and 'A-1+' short-term ratings to the city of Philadelphia, Pa.'s airport revenue commercial paper (CP) notes series A-1-C-1, A-1-C-2, and A-3-C-3, respectively, based on irrevocable direct-pay letters of credit (LOCs) provided by several banks as listed below: Series A-1, B-1, C-1: Barclays Bank PLC Series A-2, B-2, C-2: PNC Bank N.A., Pittsburgh, Pa. Series A-3, B-3, C-3: Wells Fargo Bank N.A. Notes of any particular subseries will only be supported by one credit facility issued by one Bank, and such notes shall not be supported by any other credit facility. The LOCs provide coverage for principal plus 270 days of interest at the maximum CP rate of 12%. The issuing and
