Standard&Poor's Ratings Services raised its rating on Colorado Springs' variable-rate demand utility system improvement revenue bonds series 2007A to 'AA/A-1+' from 'AA/A-1', based on a substitute standby bond purchase agreement (SBPA) provided by Wells Fargo Bank N.A. (A-1+). The Wells Fargo Bank N.A. SBPA will provide coverage for the purchase price of unremarketed tendered bonds, including up to 35 days of interest at the maximum rate of 12%. The Wells Fargo Bank N.A. SBPA is scheduled to terminate Sept. 22, 2013, and, at that time, if the facility is not replaced or extended, the short-term component of the rating will be withdrawn. The stable outlook is based on the outlook of the obligor. USPF Criteria: Bank Liquidity Facilities,
