...+ S&P Global Ratings raised its rating to 'A-' from '###' on Mountain House Community Services District, Calif.'s utility system bonds (senior lien) outstanding and raised its rating to '###+' from '###-' on the district's subordinate utility system bonds outstanding. + At the same time, S&P Global Ratings assigned its '###+' rating to the Mountain House Financing Authority, Calif.'s anticipated $37.6 million subordinate series 2023 utility system revenue bonds issued for the district. + The outlook is stable. + We have raised the rating due to improved financial performance of the three utility systems. In our view, the district is managing each of its operating utility funds prudently in a self-supporting manner to ensure sufficient liquidity and coverage. The improved financial performance is further supported by our opinion of recent supplemental amendments to the installment purchase contract, which we believe has enhanced structural balance in the utility funds, thus providing improved...
