NEW YORK (Standard&Poor's) April 21, 2010--Standard&Poor's Ratings Services assigned its 'AA' rating to Orlando Utility Commission (OUC), Fla.'s, utility system revenue bonds (federally taxable), series 2010C, and affirmed its 'AA' rating on OUC's debt outstanding. Standard&Poor's also assigned its 'SP-1+' rating to the series 2010D bonds, which mature July 1, 2011. Standard&Poor's also affirmed its 'AA' long-term rating and underlying rating (SPUR) on OUC's parity debt obligations outstanding. "The long-term rating reflects what we view as OUC's consistently strong financial performance, with coverage of debt service, transfers, and fixed charges at levels that are, in our opinion, solid even in consideration of OUC's high investment-grade rating," said Standard&Poor's credit analyst
