Fitch Withdraws S-T Ratings on LA Harbor Department CP Notes A-1, A-2, B-1, B-2, C-1, C-2, D-1, D-2
--Los Angeles Harbor Department (CA) commercial paper notes (Exempt Facility AMT) series A-2;
--Los Angeles Harbor Department (CA) commercial paper notes (Exempt Facility Non-AMT) series B-2;
--Los Angeles Harbor Department (CA) commercial paper notes (Governmental Non-AMT) series C-2;
--Los Angeles Harbor Department (CA) commercial paper notes (taxable) series D-2.
The rating was based on the support of a line of credit agreement issued by Wells Fargo Bank, N.A. that was terminated on July 23, 2015.
In addition, Fitch withdraws the 'F1' rating on the following notes:
--Los Angeles Harbor Department (CA) commercial paper notes (Exempt Facility AMT) series A-1;
--Los Angeles Harbor Department (CA) commercial paper notes (Exempt Facility Non-AMT) series B-1;
--Los Angeles Harbor Department (CA) commercial paper notes (Governmental Non-AMT) series C-1;
--Los Angeles Harbor Department (CA) commercial paper notes (taxable) series D-1.
The rating was based on the support of a line of credit agreement issued by Mizuho Bank, Ltd. that was terminated on July 23, 2015.
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