S&P Global Ratings' long-term rating on Contra Costa Community College District (CCD), Calif.'s existing general obligation (GO) bonds is 'AA+'. The outlook is stable. Revenue from unlimited ad valorem taxes levied on taxable property within the district secures the GO bonds. The Contra Costa County board of supervisors has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The county is required to deposit such taxes, when collected, into the bonds' debt service fund. The rating reflects our view of Contra Costa CCD's extremely strong enterprise and adequate financial risk profiles. The enterprise risk profile is supported by the school's large enrollment base, with more than 25,000 full-time equivalent (FTE) students as well as
