Standard&Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Colorado Water Resource&Power Development Authority's series 2010B clean water revenue bonds (state revolving fund pool) and affirmed its 'AAA' long-term rating and underlying rating (SPUR), with a stable outlook, on the authority's previously issued senior-lien debt. The assigned rating reflects, what we consider, the state revolving fund program's ability to meet our default tolerance criteria for an 'AAA' rated program based on cash flow tests for the authority's combined drinking water and clean water programs. The rating also reflects what we view as the authority's: Surplus matching accounts that provide cross-collateralization between its drinking water and water pollution control loans, Surplus funds at the
