Colorado Springs, Colorado; Combined Utility - S&P Global Ratings’ Credit Research

Colorado Springs, Colorado; Combined Utility

Colorado Springs, Colorado; Combined Utility - S&P Global Ratings’ Credit Research
Colorado Springs, Colorado; Combined Utility
Published Jul 17, 2020
9 pages (3858 words) — Published Jul 17, 2020
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' rating to the city of Colorado Springs, Colo.'s utilities system revenue refunding bonds series 2020A and 2020B, and its utilities system improvement revenue bonds series 2020C. At the same time, S&P Global Ratings affirmed its 'AA+', 'AA+/A-1+', and 'AA+/A-1' ratings on the system's parity debt outstanding. The outlook is stable. A pledge of net revenues of Colorado Springs Utilities' (CSU) electric, gas, water, wastewater, and streetlight systems secures the bonds. 2020A and 2020B bond proceeds will refund CSU's series 2009A, 2010A-2, 2010B-2, 2010A-1, and 2010D-2 bonds. 2020C bond proceeds will be used to finance various capital improvements to the utility system. The combined utility had about $2.28 billion in debt outstanding as of Dec.

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' rating to the city of Colorado Springs, Colo.'s utilities system revenue refunding bonds series 2020A and 2020B, and its utilities system improvement revenue bonds series 2020C. 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. A pledge of net revenues of Colorado Springs Utilities' (CSU) electric, gas, water, wastewater, and streetlight systems secures the bonds. 2020A and 2020B bond proceeds will refund CSU's series 2009A, 2010A-2, 2010B-2, 2010A-1, and 2010D-2 bonds. 2020C bond proceeds will be used to finance various capital improvements to the utility system. The combined utility had about $2.28 billion in debt outstanding as of Dec. 31, 2019....

  
Report Type:

Full Report

Issuer
Colorado Springs
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Colorado Springs, Colorado; Combined Utility" Jul 17, 2020. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Colorado-Springs-Colorado-Combined-Utility-2481092>
  
APA:
S&P Global Ratings’ Credit Research. (). Colorado Springs, Colorado; Combined Utility Jul 17, 2020. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Colorado-Springs-Colorado-Combined-Utility-2481092>
  
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