S&P Global Ratings affirmed its 'A' long-term rating on Palo Verde Community College District (CCD) and Palo Verde Community College District School Finance Improvement District (SFID) No. 2004-1 , Calif.'s general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'A-' rating on the district?s certificates of participation (COPs). The outlook on all ratings is stable. The COPs represent an interest in lease payments made by the district, as lessee, to the Public Property Financing Corp. of California, as lessor, for the use and possession of Palo Verde College as the leased asset. The district has covenanted to budget and appropriate lease payments during the life of the obligations. Our rating on the COPs is one notch
