NEW YORK (Standard&Poor's) March 13, 2009--Standard&Poor's Ratings Services said today it assigned its 'AAA' rating and stable outlook to Maricopa County Community College District, Ariz.'s series 2009C Project Of 2004 general obligation (GO) bonds, and affirmed its 'AAA' rating on the district's outstanding GO debt. "The rating reflects the district's deep and diverse economic base encompassing the Phoenix metropolitan area and strong historical growth in secondary assessed valuation," said Standard&Poor's credit analyst Sussan Corson. However, home price declines in the area appear to have stalled growth in fiscal 2010. The rating also reflects: -- Strong financial policies and management practices and diverse revenue streams, which help to mitigate cuts in state funding, economic downturns
