S&P Global Ratings raised its rating to 'AA-' from 'A+' on Yuma-La Paz Counties Community College District, Ariz.'s (also known as Arizona Western College or AWC) series 2021 revenue bonds and general obligation (GO) bonds outstanding. The outlook is stable. The upgrade reflects the college's rebound in enrollment trends, with expectations for continued growth coupled with a moderate debt profile and strengthened financial performance in recent years and maintenance of improved financial resource levels. Under our revised criteria, an entity's GO and revenue-supported debt are evaluated by consistently assessing its operating risks and tax support under a unified framework. This results in a single issuer credit rating (ICR) that represents our view of an issuer's general creditworthiness. Both GO and
