S&P Global Ratings assigned its'AAA'long-term rating to the Colorado Water Resources and Power Development Authority’s (CWRPDA) approximately $6.98 million series 2026A state revolving fund (SRF) revenue bonds. At the same time, we affirmed our'AAA'long-term rating on the authority's clean water and drinking water debt outstanding. The outlook is stable. The bonds are secured by loan repayments from specific borrowers, funded by their respective bond series; by excess payments from the revolving funds'leveraged, equity-funded, and direct loan programs; and by money from certain funds, accounts, and subaccounts. Existing clean water and drinking water bonds are further secured by a cross-collateralization mechanism through the use of clean water and drinking water surplus accounts. Series 2026A bond proceeds
