NEW YORK (Standard&Poor's) Nov. 5, 2012--Standard&Poor's Ratings Services has assigned its 'AA' rating to Orlando Utilities Commission (OUC), Fla.'s, utility system revenue refunding bonds, series 2013A. At the same time, Standard&Poor's affirmed its 'AA' rating on OUC's parity debt obligations outstanding. The outlook is stable. "In part, the ratings reflect our view of consistently strong financial performance and substantial cash reserves, a diverse power supply mix, competitive rates, and a service area that has demonstrated stability and has shown some recovery from the recession's effects," said Standard&Poor's credit analyst Peter Murphy. What we consider to be an above-average debt burden and sizable transfers to the city mitigate these strengths. A pledge of
