CENTENNIAL (S&P Global Ratings) May 20, 2019--S&P Global Ratings raised its long-term rating to 'AA' from 'AA-' on Pacifica, Calif.'s wastewater revenue bonds. The rating reflects, in our opinion, the combination of an extremely strong enterprise risk profile and a very strong financial risk profile. The outlook is stable. "We revised our rating based on the city's completing the construction of its wet weather equalization basin and continued efforts to decrease sewer system overflows under the 2011 consent decree, in combination with city council's approved five-year rate schedule that we anticipate will provide the necessary revenue to fund the capital program while restoring strong coverage metrics," said S&P Global Ratings credit analyst Alexandra Rozgonyi. The enterprise risk profile reflects our
