Standard & Poor’s upgraded the Acton-Agua Dulce Unified School District’s issuer credit rating to AA-minus from BBB-plus.

“The raised rating reflects what we consider to be a substantial improvement in the district’s financial position to a very strong level in fiscal 2008, as well as the incorporation of new information regarding the district’s taxing area — including what we consider to be a very strong median household effective buying income,” said Standard & Poor’s analyst Chris Morgan.

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