...May 28, 2019 CENTENNIAL (S&P Global Ratings) May 28, 2019--S&P Global Ratings raised its long-term ratings on the City of Colorado Springs, Colo.'s combined utility system revenue bonds outstanding to '##+' from '##'. The outlook is stable. At the same time, S&P Global Ratings raised the long-term component on several issues with dual ratings to '##+' from '##'. The 'A-1' and 'A-1+' short-term components of the ratings on these issues are unchanged. The upgrade reflects the application of our "U.S. Municipal Retail Electric And Gas Utilities" criteria (published Sept. 27, 2018). The raised ratings further reflect our view of the Colorado Springs Utilities' (CSU) capacity to almost entirely fund its sizable capital plan with operating margins and cash-on-hand, projections of what we consider to be extremely strong fixed-charge coverage and its continued progress in reducing its coal exposure, which we believe is sustainable. The combined utility had $2.3 billion in debt as of Dec. 31, 2018....
