Standard&Poor's Ratings Services affirmed its 'AA+' long-term rating on Maricopa County Community College District (MCCCD), Ariz.'s outstanding revenue bonds. The outlook is stable. The rating is based on our view of the district's strong debt service coverage of revenue bonds and broad economic and tax base growth in Maricopa County, which supports more than 50% of the district's operating revenues. This is one of our higher rated community college revenue-secured debt ratings, and currently one of only two rated 'AA+'. The rating further reflects: The broad economic and tax base of Maricopa County as well as the strong rating (AAA) on the district's GO debt; Very low revenue bond debt ($14 million) and modest additional revenue bond issuance
