S&P Global Ratings assigned its 'AA+' rating to the city of Colorado Springs, Colo.'s $296.74 million utilities system improvement revenue bonds, series 2024A, and $93.83 million utilities system refunding revenue bonds, series 2024B. 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. The long-term component of the various ratings is based on the rating on the obligor, Colorado Springs. The short-term component of certain series is based on the rating on the respective banks providing standby bond purchase agreements. Proceeds of the series 2024A bonds
