$50M in debt affected. Ratings based on LOC provided by Bank of the WestNew York, October 01, 2014 -- Moody's Investors Service has affirmed the P-1 rating of the Department of Airports of the City of Los Angeles, CaliforniaLos Angeles International Airport Subordinate Revenue Commercial Paper Notes Subseries A-1, B-1, C-1, D-1 (the Notes) in conjunction with the substitution of the existing letter of credit (LOC) with an alternate LOC to be provided by Bank of the West (the Bank).

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