SAN FRANCISCO (Standard&Poor's CreditWire) Oct. 18, 2000--Standard&Poor's assigned its double-'A' rating to Colorado Springs, Colo.'s $15 million taxable utility system subordinate-lien revenue bonds series 2000B. The bonds are scheduled to sell Nov. 1, 2000. In addition, Standard&Poor's affirmed its double-'A' rating on the city's outstanding $2.68 million taxable utility revenue bonds, $621.35 million revenue bonds, and $160.47 million utility system subordinate-lien improvement revenue bonds. The outlook is stable. The rating reflects the following strengths: -- The competitive rates and diverse revenue mix provided by the city's four utilities (electric, gas, water, and wastewater); -- Continued strong financial performance despite recent pressures; -- Proactive management; and -- The continued diversification of the strong local area
