NEW YORK (Standard&Poor's) March 9, 2015--Standard&Poor's Ratings Services assigned its 'AA' rating to Orlando Utilities Commission (OUC), Fla.'s utility system revenue bonds, series 2015A. At the same time, Standard&Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on OUC's parity debt obligations outstanding, and its 'A-1' and 'A-1+' short term ratings on specific variable-rate obligations. The outlook is stable. "The 'AA' rating reflects what we believe consistently strong financial performance and good liquidity, along with what we view as well-defined policies governing their use," said Standard&Poor's credit analyst Peter Murphy. A pledge of the net revenue of OUC's electric and water systems secures the bonds, which the utility is issuing to
