S&P Global Ratings assigned its 'AA' long-term rating on Colorado Springs, Colo.'s $9.08 million series 2019 certificates of participation (COPs). At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating (SPUR) on the city's COP debt outstanding, and 'A' long-term rating to the city's series 2018 Pikes Peak America's Mountain Enterprise revenue bonds. The outlook is stable. The COPs outstanding represent an interest in base rental payments made by the city, as lessee, for the use and possession of the leased assets. The city has covenanted to budget and appropriate rental payments under the lease agreement supporting the COPs. We note that the rating is one notch below the general creditworthiness of the city given
