NEW YORK (Standard&Poor's) Dec. 1, 2011--Standard&Poor's Ratings Services has assigned its 'AA' rating to Orlando Utilities Commission (OUC), Fla.'s, utility system revenue refunding bonds, series 2011C and 2011D. At the same time, Standard&Poor's affirmed its 'AA' rating on OUC's parity debt obligations outstanding. The outlook is stable. "The rating reflects our view of consistently strong financial performance and substantial cash reserves that management forecasts it will maintain in the next several years, along with what we view as well-defined policies governing their use," said Standard&Poor's credit analyst Peter Murphy. The ratings also reflect our assessment of the following factors: A diverse power supply mix, with ownership interest in fossil steam, combustion turbine,
