Standard&Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) to 'A-' from 'BBB+' on Palo Verde Community College District Facility Corp., Calif.'s certificates of participation (COPs) issued by Palo Verde Community College District (CCD). In addition, Standard&Poor's raised its long-term rating and SPUR on Palo Verde CCD School Finance Improvement District (SFID) No. 2004-1's existing general obligation (GO) bonds to 'A' from 'A-'. The outlook on all ratings is stable. The rating action reflects our view of the district's maintenance of strong reserves over the past two years and management's plan to continue to build reserves higher over the next two. The ratings reflect our view of the district's: Good financial position with an
