NEW YORK (Standard&Poor's) Oct. 31, 2008--Standard&Poor's Ratings Services has assigned its 'AA' rating to the City of Colorado Springs, Colo., $42 million utilities system improvement revenue bonds, series 2008C. The bonds are secured by a pledge of net revenues of Colorado Springs Utilities' electric, gas, water, wastewater, and streetlight systems. Standard&Poor's also affirmed its 'AA' long-term rating on Colorado Springs Utilities parity debt outstanding. The outlook is stable. After the bonds are issued, debt outstanding will total $1.6 billion. "The 'AA' long-term rating reflects strong financial management, competitive rates in each of its four utility systems, a diverse mixture of resources in its electric system, and a stable regional economic base," said Standard&
