Standard&Poor's Ratings Services assigned its 'AA-/A-1+' and 'AA-' ratings to State Street Bank&Trust Co.'s series 2015-1A clipper tax-exempt certificates (CTECs) and residual certificates, respectively, relating to Atlanta's water and wastewater revenue refunding bonds, series 2015. The long-term component of the ratings on the CTECs and residual certificates is based on the 'AA-' rated underlying bonds. The short-term component of the rating on the CTECs is based on the rating on the liquidity facility provider, State Street Bank&Trust Co., until June 30, 2015. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and
