S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Water Resource&Power Development Authority's approximately $14.2 million series 2023A state revolving fund (SRF) revenue bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term ratings on the authority's outstanding clean and drinking water debt. The outlook is stable. Proceeds from the series 2023A bonds will fund loans to governmental municipal borrowers for improvements to wastewater and water facilities. Bond security includes loan repayments from specific borrowers, funded by their respective bond series, and excess payments from the revolving funds' leveraged and direct loan programs, as well as money from certain funds, accounts, and subaccounts. Each bond series is not legally on parity with previous authority
