...July 24, 2024 ENGLEWOOD (S&P Global Ratings) July 24, 2024--S&P Global Ratings assigned its '##+' rating to the city of Colorado Springs, Colo.'s $296.74 million utilities system improvement revenue bonds, series 2024A, and $93.83 million utilities system refunding revenue bonds, series 2024B. At the same time, S&P Global Ratings affirmed its '##+', '##+/A-1+' and '##+/A-1' ratings on the system's parity debt outstanding. The outlook is stable. "The ratings are supported by the utilities' demonstrated operational and financial resilience in the face of rising ¡ and occasionally unpredictable ¡ costs," said S&P Global Ratings credit analyst Doug Snider. "This is highlighted, in our view, by the utilities' track record of maintaining robust liquidity and fixed-charge coverage thanks to its dynamic and proactive rate-setting practices, strong operational performance, and high system reliability," he added. "The rating further reflects our view of the utilities' large and diverse customer base,...
