Standard&Poor's Ratings Services revised its rating on Colorado Springs' series 2000A variable-rate demand utility system senior-lien revenue bonds to 'AA/A-1' from 'AA'. The outlook, applicable solely to the 'AA' long-term component of the rating, is stable. The new 'A-1' short-term component of the rating reflects a new enhancement for the bonds in the form of a standby-bond purchase agreement (SBPA) from Landesbank Hessen-Thueringen Girozentrale (A-1), replacing a prior SBPA from Bayerische Landesbank (which we no longer rate). The new SBPA covers the purchase price of unremarketed tendered bonds, including up to 35 days' interest at a 12% annual interest rate. The SBPA is scheduled to terminate on Nov. 30, 2020. At such time, if the SBPA has not
