...CENTENNIAL (S&P Global Ratings) March 1, 2018--S&P Global Ratings raised its long-term rating to '##+' from '##' on Contra Costa Community College District, Calif.'s outstanding general obligation (GO) bonds. The outlook is stable. "The raised rating reflects our view of the district's continued economic growth and improved property wealth over the last several years," said S&P Global Ratings credit analyst Michael Parker. "The rating action also reflects the district's maintenance of very strong reserves, along with management's prudent budget practices in regard to certain long-term liabilities." The GO rating reflects our view of the district's: + Large and diverse taxing area in the San Francisco Bay Area, in addition to very strong incomes; + Maintenance of very strong general fund balance reserves for the last several years; and + Good financial policies and practices. Partly offsetting these strengths, in our view, are the district's high debt on a per capita basis and operating...
