Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to the East Bay Municipal Utility District (EBMUD), Calif.'s series 2014A, 2014B, and 2014C water system revenue bonds. At the same time, Standard&Poor's affirmed its 'AAA' long-term and underlying rating (SPUR) on the district's existing water system revenue bonds (the short-term ratings on the series 2008A and 2008B variable rate demand bonds (VRDBs) are based on the short-term ratings of the standby bond purchase agreement (SBPA) providers). Finally, Standard&Poor's affirmed its 'A-1+' short-term rating on the district's extendable commercial paper (ECP) notes (water series). The long-term ratings and SPURs continue to reflect our view of the district's: Broad and mature customer base that is tied into
