Summary: Colorado Springs; Combined Utility

S&P Global Ratings raised its long-term ratings on the City of Colorado Springs, Colo.'s combined utility system revenue bonds outstanding to 'AA+' from 'AA'. The outlook is stable. At the same time, S&P raised the long-term component on several issues with dual ratings to 'AA+' from 'AA'. The 'A-1' and 'A-1+' short-term components of the ratings on these issues remain unchanged. The upgrade reflects the application of our "U.S. Municipal Retail Electric And Gas Utilities" criteria (published Sept. 27, 2018). The raised ratings further reflect our view of the Colorado Springs Utilities' (CSU) capacity to almost entirely fund its sizable capital plan with operating margins and cash-on-hand, projections of what we consider to be extremely strong fixed-charge coverage and its

...Colorado Springs util sys imp rev bnds Long Term Rating ##+/Stable Upgraded Colorado Springs var rate dem utils sys imp rev bnds Long Term Rating ##+/A-1+/Stable Upgraded Colorado Springs var rate dem util sys rfdg rev bnds ser 2009C dtd 10/01/2009 due 11/01/2028 Long Term Rating ##+/A-1/Stable Upgraded Colorado Springs var rate dem util sys sr lien rev bnds ser 2000A due 11/01/2030 Long Term Rating ##+/A-1/Stable Upgraded...

Summary