S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Water Resources and Power Development Authority ?s (CWRPDA) approximately $19.585 million series 2025A state revolving fund (SRF) revenue bonds. At the same time, we affirmed our 'AAA' long-term ratings on the authority's clean 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, and excess payments from the revolving funds' leveraged, equity funded, and direct loan programs, as well as money from certain funds, accounts, and subaccounts. Series 2025A bond proceeds will fund loans to three governmental municipal borrowers for improvements to water system facilities; all three are already pool participants: City of Fort
