This report does not constitute a rating action. S&P Global Ratings? long-term rating on Maricopa County Community College District (CCD), Ariz.?s debt outstanding is ?AAA?. The outlook is stable. As of fiscal year-end 2024, Mariposa County CCD had $96 million in debt outstanding. Unlimited ad valorem taxes on property in the district, which has the obligation to levy for the repayment of the bonds, secure the bonds outstanding. The rating reflects our view of Maricopa County CCD's extremely strong enterprise risk profile and very strong financial risk profile. Our opinion of the enterprise risk profile reflects the district's sizable service area, coupled with a tenured, experienced, and relatively stable management team. The financial risk profile reflects consistent healthy operating surpluses
