SAN FRANCISCO - Standard & Poor's suspended its credit ratings on three Victorville, Calif., agencies after the Southern California city failed to garner unqualified audit opinions for its just-completed 2007 financial reports.

The agency suspended its BBB-plus rating on the Victorville Redevelopment Agency's Bear Valley Road Redevelopment Project Area tax allocation bonds, its A-minus rating on the Southern California Logistics Airport Authority's senior-lien tax allocation bonds, its BBB rating on the airport's subordinate debt, and its A-minus rating on the Baldy Mesa Water District's certificates of participation and improvement bonds.

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