NEW YORK (Standard&Poor's) Nov. 23, 2005—Standard&Poor's Ratings Services has assigned its 'AA' rating to Orlando Utilities Commission, Fla.'s $125 million water and electric system revenue bonds series 2005B. The bonds are scheduled to sell on Dec. 1. The outlook is stable. At the same time, the rating agency has affirmed its 'AA' standard long-term and 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 more than 1.45x; substantial cash reserves, with well-defined policies governing their use; competitive rates; diverse power supply mix, with
