Standard&Poor's Ratings Services raised its rating to 'AA+' from 'AA' on Cucamonga Valley Water District, Calif.'s existing senior-lien debt. At the same time, Standard&Poor's raised its rating to 'AA' from 'AA-' on the district's subordinate-lien debt. Finally, Standard&Poor's assigned its 'AA' long-term rating to the district's series 2016 subordinate lien water revenue refunding bonds, issued by the Cucamonga Valley Water District Financing Authority. The outlook is stable. Our opinion of the district's general creditworthiness is based on its extremely strong enterprise risk profile and very strong financial risk profile. This includes the system's: Broad and diversified service territory located in the San Bernardino, Calif., metropolitan statistical area (MSA); Strong working capital levels; Limited additional
