...SAN FRANCISCO (Standard & Poor's) Aug. 6, 2015--Standard & Poor's Ratings Services said that it raised its long-term rating and underlying rating (SPUR) to 'A-' from '###+' on Palo Verde Community College District Facility Corp., Calif.'s certificates of participation (COPs) issued by Palo Verde Community College District (CCD). In addition, Standard & Poor's raised its long-term rating and SPUR on Palo Verde Community College District School Facilities Improvement District (SFID) No. 2004-1's existing general obligation (GO) bonds to 'A' from 'A-'. The outlook on all ratings is stable. "The rating action reflects our view of the district's maintenance of strong reserves over the past two years," said Standard & Poor's credit analyst Li Yang, "and management's plan to continue to build reserves higher over the next two years." "The ratings reflect our view of the district's good financial position," said Mr. Yang, "with an unreserved general fund balance of $2.1 million, or 16.6% of general...
