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BNP Paribas LOC-Backed Issues Raised To 'AA/A-1+' Jul 04

Standard & Poors, July 2004


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Abstract
NEW YORK (Standard & Poor's) July 12, 2004--Standard & Poor's Ratings Services raised the long-term component of its 'AA-/A-1' rating on 37 BNP Paribas LOC-backed issues to 'AA' (see list below). This action follows Standard & Poor's July 6, 2004, upgrade of BNP Paribas to 'AA/A-1+' from 'AA-/A-1+'. Issue Description Arapahoe Cnty Wtr & Wastewtr Auth wtr & swr rev var rate bnds ser 2003B Arapahoe Cnty Wtr & Wastewtr Auth wtr & swr rev var rate imp & rfdg util bnds ser 2003A Aurora Centretech Metro Dist GO var rate rfdg and imp bnds ser 1998A Arapahoe Cnty Wtr & Wastewtr Auth wtr & swr rev bnds ser 2003C Aurora Centretech Metro Dist GO var rate rfdg bnds ser...

Companies mentioned in this report are: Arapahoe Cnty Wtr & Wastewtr Auth,San Bernardino Cnty,Triunfo San Dist,California Dept of Wtr Resources,Maine Hlth & Hgr Educl Facs Auth,New York St Hsg Fin Agy,New York City,California,New Jersey Econ Dev Auth,Santa Fe,Denver Urban Renew Auth,California Statewide Communities Dev Auth,Tulsa Cnty Indl Auth,Savannah Econ Dev Auth,Dove Vy Metro Dist,Aurora Centretech Metro Dist,Traer Creek Metro Dist
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.




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