Standard&Poor's Ratings Services affirmed its 'AA/A-1+' rating on Colorado Springs' variable-rate demand utilities system improvement revenue bonds series 2008A due to the bank facility being extended to Sept. 9, 2011. The long-term component of the rating is based on the obligor. The short-term component of the rating is based on JPMorgan Chase Bank N.A. The stable outlook is based on the outlook of the obligor. USPF Criteria: Bank Liquidity Facilities, June 22, 2007