Step 1: Bring uncooked rice, 1/2 cup water, 4 cups milk, evaporated milk, vanilla extract, cinnamon and nutmeg to a boil in a medium saucepan over high heat. Stir occasionally to avoid scorching. Let boil for 5 minutes.
Step 2: Add sweetened condensed milk and simmer over low heat.
Step 3: Stir in two cups milk in small portions. Milk should barely simmer with bubbles breaking only outside edge of the surface.
Step 4: Stir until mixture thickens.
Step 5: Add raisins and cook for 10 more minutes. Serve chilled or at room temperature.
Step 6: Garnish with a dusting of ground cinnamon
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