SAN FRANCISCO (S&P Global Ratings) Oct. 8, 2020--S&P Global Ratings raised its rating to 'BBB' from 'BBB-' on Mountain House Community Services District, Calif.'s outstanding utility system bonds. At the same time, S&P Global Ratings assigned its 'BBB' rating to the Mountain House Financing Authority, Calif.'s $91.3 million series 2020A utility system revenue bonds and its 'BBB-' rating to the authority's $37.3 million subordinate series 2020B utility system revenue bonds issued for the district. The outlook is stable. "The rating reflects our assessment of the utilities' primary near-term risks, including the possibility that scheduled rate adjustments are not implemented as planned, delinquencies rise materially from current expectations as a result of COVID-19 and the current economic contraction, or if the
