Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA from AA-minus on California Special District Association Finance Corporation's series 2007UU certificates of participation, issued for Montecito Sanitary District.

The corporation is a nonprofit public benefit corporation created for the purpose of aiding special districts with the financing of projects. The outlook is stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.