Standard&Poor's Ratings Services has affirmed its 'A-1+' short-term rating on The Salvation Army USA Eastern Territory (TSA), N.Y.'s series 2007A and 2007B commercial paper (CP). The rating incorporates an additional CP issuance that brings the outstanding CP to the full program limit of $400 million. At the same time, Standard&Poor's affirmed its 'AA-' issuer credit rating (ICR) on the organization. The ICR does not refer to any debt instrument and reflects our view of TSA's overall long-term credit quality. The ratings reflect our opinion of the organization's long success record and name recognition, a strong and generally stable financial profile that has grown a bit weaker over time due to rising debt levels, investment market volatility,