The Orange County Sanitation District received a AAA long-term rating and stable outlook from Standard & Poor’s on its $146.25 million Series 2011A wastewater refunding revenue obligations.

Standard & Poor’s credit analyst Paul Dyson cited the district’s strong historical and projected cash reserves, ability and willingness to increase rates, and monopolistic position as virtually the only provider of wastewater treatment for the cities it serves as the reason for the top rating.

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