NEW YORK (Standard&Poor's CreditWire) Aug. 26, 1999-- Standard&Poor's today assigned its double-'A' rating to Colorado Springs, Colo.'s $65.5 million utility system subordinate lien improvement revenue bonds series 1999A due Nov. 15, 2027. The bonds are scheduled to sell Sept. 13, 1999. At the same time, Standard&Poor's affirmed its double-'A' rating on the city's outstanding revenue bonds. The rating reflects the following strengths: -- The competitive rates of each utility (electric, gas, water, and wastewater); -- Continued strong financial performance despite recent pressures; -- Proactive management; and -- The strength and continued diversification of the local area economy (Colorado Springs GO debt rated double-'A') The rating also is supported by the electric system's competitiveness, which
