Standard&Poor's Ratings Services revised its outlook to positive from stable on Cucamonga Valley Water District, Calif.'s outstanding senior lien and subordinate lien water revenue bonds and certificates of participation (COPs). At the same time, Standard&Poor's assigned its 'AA-' long-term rating to the district's series 2014 water revenue bonds. Finally, Standard&Poor's affirmed its 'AA' long-term rating on the district's senior lien debt and affirmed its 'AA-' long-term rating on the district's subordinate lien debt. The positive outlook is based on our view of the district's continued increasing debt service coverage and liquidity position, both of which were at a level we view as strong in fiscal 2013. If debt service coverage remains strong during the
