Vallecitos Water District, Calif., Upgraded to AA-Plus by S&P

Standard & Poor's Ratings Services said it raised its rating on Vallecitos Water District, Calif.'s enterprise debt to AA-plus from AA.

At the same time, Standard & Poor's has assigned its AA-plus rating to the district's series 2015 water and wastewater enterprise refunding revenue bonds. The outlook is stable.

"The upgrade reflects the district's trend of strong financial performance and the potential for a more diversified water supply," said Standard & Poor's credit analyst James Breeding.

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