Standard&Poor's Ratings Services raised the ratings on 134 U.S. public finance debt issues with standby bond purchase agreements (SBPA) provided by U.S. Bank N.A. The action follows Standard&Poor's Aug. 20, 2012, upgrade of U.S. Bank N.A. to 'AA-/A-1+' from 'A+/A-1' (see "U.S. Bancorp And Subsidiaries Upgraded On Expectation For Continued Outperformance Versus Peers; Outlook Stable," published Aug. 20, 2012 on RatingsDirect on the Global Credit Portal). USPF Criteria: Secondary Market Derivative Products, June 27, 2007