S&P rates Los Angeles museum bonds A+/A-1

Standard & Poor's said it assigned an A+/A-1 rating to California Infrastructure and Economic Development Bank's $44.765 million of variable-rate demand revenue bonds (Los Angeles Museum of Natural History Foundation) series 2008A and an AA-/A-1+ rating to the bank's $44.765 million of variable-rate demand revenue bonds (Los Angeles Museum of Natural History Foundation) series 2008B.

The ratings on the series 2008A and 2008B bonds reflect irrevocable direct-pay letters of credit provided by Allied Irish Bank plc and the Bank of New York, respectively.

Allied Irish is rated A+/A-1, and the Bank of New York is rated AA-/A-1+.

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