SAN FRANCISCO (Standard&Poor's) March 20, 2009--Standard&Poor's Ratings Services assigned its 'A+' rating to Stanislaus Union School District, Calif. general obligation bonds. The bonds are secured by ad valorem taxes on property within the district, which the district has the obligation to levy for the repayment of the bonds. The outlook is stable. "The local economy continues to diversify, and the area has become a magnet for retail, health care, and health-related services," said Standard&Poor's credit analyst Jen Hansen. "While foreclosures are rising and the general economic downturn is impacting the district in terms of declining assessed values and enrollment totals, management has taken steps to help mitigate the effects and has maintained what we
