NEW YORK (Standard&Poor's) Aug. 18, 2014--Standard&Poor's Ratings Services has assigned its 'AA' rating to the City of Colorado Springs, Colo.'s utilities system revenue bonds series 2014 A-1 and 2014 A-2. At the same time, Standard&Poor's affirmed its 'AA', 'AA/A-1+', and 'AA/A-1' ratings on the utilities' parity debt outstanding. The outlook is stable. "In part, the rating reflects our view of financial metrics, including very strong coverage of fixed costs and substantial liquidity, that greatly support the rating," said Standard&Poor's credit analyst Jeffrey Panger. A pledge of net revenues of Colorado Springs Utilities' (CSU) electric, gas, water, wastewater, and streetlight systems secures the bonds. Bond proceeds will finance Southern Delivery System (SDS) extensions
