On Nov. 3, 2009, Standard&Poor's Ratings Services assigned its 'A' rating to West Contra Costa Unified School District, Calif.'s general obligation (GO) bonds election 2005 series D and D-1 Qualified School Construction Bonds (QSCB). In addition, Standard&Poor's affirmed its 'A' underlying rating (SPUR) on the district's outstanding GO debt. The outlook is stable. The GO bond ratings reflect our view of the district's: Participation in the San Francisco Bay Area economy, which provides diverse employment opportunities; Strong wealth and income levels; Good reserves; and Renewal of its five-year parcel tax, which generates about $10 million annually. Partially offsetting these strengths are the district's: Decreased average daily attendance (ADA); and Decline in assessed values (AV). The series
