S&P Global Ratings revised its outlook to positive from stable and affirmed its 'AA-' long-term rating on Pacifica, Calif.'s existing wastewater revenue bonds. At the same time, we assigned our 'AA-' long-term rating, with a positive outlook, to the city's series 2017 wastewater revenue bonds. The rating reflects, in our opinion, the combination of a very strong enterprise risk profile and a very strong financial risk profile. We revised our outlook to positive based on the city making adequate progress toward completing its obligations under the 2011 settlement and consent decree in a timely manner, in combination with city council recently approving a five-year rate schedule that we anticipate will provide the necessary revenues to fund the capital program while
