...NEW YORK (Standard & Poor's) Oct. 7, 2015--Standard & Poor's Ratings Services has assigned its '##/A-1+' rating to Orlando Utilities Commission (OUC), Fla.'s utility system revenue bonds, series 2015B. At the same time, Standard & Poor's affirmed its '##' 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 '##' rating reflects what we believe to be 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. We believe other credit strengths include: + A diverse power supply mix, with ownership interest in fossil steam, combustion turbine, and nuclear plants, supplemented by purchased power contracts; + Rates that are competitive compared with those of most of Florida's investor-owned utilities and comparably sized municipal...
