Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating, and stable outlook, to Maricopa County Community College District, Ariz.'s general obligation (GO) bonds series 2011D (Project of 2004), and, at the same time, affirmed its 'AAA' rating on the district's parity GO debt outstanding. The ratings reflect our view of: A deep and diverse economic base encompassing the Phoenix metropolitan statistical area (MSA); Strong historical growth in district secondary assessed valuation (AV), although following the global economic downturn it decreased in fiscals 2010 and 2011; Good financial policies and management practices and diverse revenue streams, which help mitigate cuts in state funding, economic downturns, or enrollment decreases, coupled with the ability to cut class offerings at will; The
