S&P assigns A+ to East Side Union High School District, Calif.

Standard & Poor's said it assigned its A+ rating to series 2008A general obligation bonds to be issued by East Side Union High School District, Calif. The $50 million in G.O. bonds are due Aug. 1, 2038. The outlook is stable.

S&P also raised its underlying rating to A+ from A- on the district's outstanding general obligation debt and to A from BBB+ on the district's other post-employment benefit bonds.

The upgrade reflects a return to historical fund balance levels and management's stated commitment to maintaining the state minimum reserve for economic uncertainty, S&P said.

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