SAN FRANCISCO (Standard&Poor's) July 21, 2009--Standard&Poor's Ratings Services raised its underlying rating (SPUR) to 'A' from 'A-' on West Contra Costa Unified School District, Calif.'s outstanding general obligation (GO) debt. The outlook is stable. Standard&Poor's also assigned its 'A' rating to the district's series 2009 GO bonds (election of 2005, series C). The outlook on all ratings is stable. "The ratings are based on our view of the district's participation in the San Francisco Bay Area economy, which provides diverse employment opportunities, and strong wealth and income levels," said Standard&Poor's credit analyst Shannon Groff. "Although the district has drawn down its reserves over the past couple of years, they remain what we
