S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Water Resources and Power Development Authority ?s (CWRPDA) approximately $19.585 million series 2025A state revolving fund (SRF) revenue bonds. At the same time, we affirmed our 'AAA' long-term ratings on the authority's clean and drinking water debt outstanding. The outlook is stable. NEW YORK (S&P Global Ratings) May 7, 2025—S&P Global Ratings today took the rating actions listed above. The stable outlook reflects S&P Global Ratings' expectation that cash flow generated from loan revenue, reserve funds, and investment earnings will likely continue to overcollateralize the program in a manner consistent with the rating. We also expect that the authority will manage the program in line with historical trends. Although