S&P Global Ratings assigned its ?AAA? long-term rating to Orange County Utilities (OCU), Florida?s $232.7 million series 2026 water and wastewater utility revenue bonds. At the same time, we affirmed our ?AAA? rating on the utility?s existing revenue debt. The outlook is stable. TRENTON (S&P Global Ratings) Aug. 14, 2026-- S&P Global Ratings today took the rating actions listed above. The stable outlook reflects our expectation that OCU will generate financial results that routinely meet or exceed projections in the two-year outlook period. Other factors supporting the rating include the restoration and maintenance of robust liquidity, which management could use to absorb unexpected revenue decreases or expenses, as well as the continuation of annual rate increases and the customer base's