Standard & Poor’s upgraded the rating on Esparto Unified School District, Calif.’s general obligation bonds to A-plus from A, and assigned a stable outlook.

“We raised the rating due to the district’s growth and maintenance of available reserves to a level we consider very strong during a time of constrained state funding,” S & P credit analyst Jaime Trejo said. “The strength of the district’s financial position, combined with its economic profile, is sufficient to offset the continued to declines in average daily attendance and change in our financial management assessment to the district to 'standard’ from 'good.’”

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