NEW YORK (Standard&Poor's) Nov. 6, 2006—Standard&Poor's Ratings Services has assigned its 'AA' rating to Orlando Utilities Commission, Fla.'s $124.37 million utility system revenue refunding bonds series 2006. The bonds are scheduled to sell on Nov. 13. The outlook is stable. At the same time, the rating service affirmed its 'AA' standard long-term rating and Standard&Poor's underlying rating (SPUR) on the commission's revenue bonds and its 'AA/A-1+' rating on the commission's variable-rate bonds. The rating reflects the commission's consistently strong financial performance, with debt service coverage levels above 2.00x and coverage of total fixed obligations after transfers measuring 1.47x; substantial cash reserves, with well-defined policies governing their use; competitive rates; diverse power supply mix, with
