Standard&Poor's Ratings Services has assigned its 'AA' long-term rating to the City of Colorado Springs, Colo.'s utilities system revenue and refunding bonds, series 2009A, B, and D. The bonds will be fixed-rate and are secured by a pledge of net revenues of Colorado Springs Utilities' electric, gas, water, wastewater, and streetlight systems. Standard&Poor's also affirmed its 'AA' long-term rating on Colorado Springs Utilities' parity debt outstanding. The outlook is stable. After this issuance, the utility will have $1.7 billion in debt outstanding. The proceeds of series 2009A will restructure series 2001A and 2003A bonds and, market conditions permitting, refund series 1998A bonds. Proceeds from series 2009B will fund capital spending, and the proceeds of series 2009D
