...September 20, 2019 CENTENNIAL (S&P Global Ratings) Sept. 20, 2019--S&P Global Ratings assigned its '##+' rating to the City of Colorado Springs, Colo.'s utilities system revenue refunding bonds series 2019A. The outlook is stable. "The rating reflects our view of CSU's capacity to almost entirely fund its sizable capital plan with operating margins and cash on hand, projections of what we consider to be extremely strong fixed-charge coverage, and its continued progress in reducing its coal exposure, which we believe is sustainable," said S&P Global Ratings credit analyst Doug Snider. The enterprise risk profile reflects our view of the system's: - Very strong service area economic fundamentals; - Strong market position; - Very strong operational and management assessment; and - Extremely strong industry risk relative to other industries and sectors. The financial risk profile reflects our view of the system's: - Extremely strong fixed-charge coverage; - Very strong liquidity and reserves;...
