S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to 'AA+' from 'AA' on the Sacramento County Sanitation Districts Financing Authority, Calif.'s existing senior-lien revenue bonds, issued for the Sacramento Regional County Sanitation District. The outlook is stable. The upgrade reflects our view of the district's maintenance of extremely strong cash while completing its treatment facility upgrades and making significant progress in its large capital improvement program. The district's outstanding revenue bonds are secured by installment payments made by the district to the authority. A rate covenant and additional bonds test require the district to generate senior-lien debt service coverage of at least 1.20x and subordinate-lien coverage of 1.10x. Rate stabilization fund withdrawals can be included in net
