Standard&Poor's Ratings Services revised the rating outlook to positive from stable on the Port of Oakland, Calif.'s bonds outstanding. In addition, Standard&Poor's assigned its 'A' rating to the port's 2011 series O senior refunding revenue bonds. At the same time, Standard&Poor's affirmed its 'A' underlying rating (SPUR) on the port's senior-lien revenue bonds and its 'A-' SPUR on the port's intermediate-lien revenue bonds. The positive outlook is based on our view that over the next two years, the benefits the port receives from its long-range financial plan would lead to ratings that would be more consistent with a higher level. The ratings reflect our view of the following credit strengths: The port's diversity of
