Standard&Poor's Ratings Services affirmed its 'A+' long-term rating and underlying rating (SPUR) on Siskiyou Joint Community College District, Calif.'s general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'A+' rating on the district's bond anticipation notes (BANs) outstanding. The outlook on all ratings is stable. The ratings reflect our opinion of the district's: Inherent operational flexibility provided by the ability to reduce class sections and curriculum if required (an operational feature not shared by K-12 districts), Good financial management practices, and Low overall debt burden. In our view, the preceding credit strengths are partly offset by: The district's adequate income levels, reflecting a local economy that is slowly transitioning from a focus on natural
