NEW YORK (Standard&Poor's) Aug. 12, 2011--Standard&Poor's Ratings Services has assigned its 'AA' rating to City of Colorado Springs, Colo.'s utilities system revenue bonds series 2011A. The bonds will be fixed-rate and are secured by a pledge of net revenues of Colorado Springs Utilities' (CSU) electric, gas, water, wastewater, and streetlight systems. At the same time, Standard&Poor's affirmed its 'AA' rating on CSU's parity debt outstanding. The outlook is stable. "The rating reflects our view of city council's willingness to set rates that provide strong debt service coverage, competitive rates in each of its four utility systems, and a stable regional economic base," said Standard&Poor's credit analyst Judith Waite. Credit metrics weakened from
