Standard&Poor's Ratings Services has raised its ratings on Colorado Water Resource and Power Development Authority's junior-lien bonds to 'AA+' from 'AA', based on strong coverage from cash flows. At the same time, the rating service assigned its 'AA+' long-term rating to the authority's drinking water revolving fund refunding bonds series 2010A. The rating reflects what we view as: The subordinate lien's currently good coverage by cash flow streams that can withstand our default tolerance tests in at least the 'AA' category; The likelihood of additional future bonding at the senior level coupled with no debt service reserve; A mechanism that financially links the authority's drinking water and water pollution control loans; and The stable credit quality of the
