NEW YORK (Standard&Poor's) Aug. 1, 2006--Standard&Poor's Ratings Services said today that it assigned its 'AA' long-term rating to Colorado Springs, Colo.'s $60.625 million variable rate demand utilities system subordinate-lien improvement and refunding revenue bond series 2006A and its $75 million variable rate demand utilities system subordinate-lien improvement revenue bond series 2006B. The bonds are secured by a pledge of net revenues of Colorado Springs Utilities' electric, gas, water, wastewater, and streetlight systems. "We expect the city's strong financial performance to continue," said Standard&Poor's credit analyst Judith Waite. Colorado Springs Utilities is undertaking a substantial capital plan in the next decade, with accompanying increased leverage. "As such, adherence to management's financial projections, including its capital
