Standard&Poor's Ratings Services has raised its ratings Colorado Water Resources and Power Development Authority 's clean and drinking water subordinate-lien bonds to 'AAA' from 'AA+' following the release of updated criteria. The upgrade reflects the application of Standard&Poor's revised long-term municipal pool criteria. Given the very strong loss coverage score (see detail below) for both the senior-lien and subordinate-lien bonds, and that all other criteria scoring is the same regardless of lien status on the bonds, the ratings on both liens are the same. Despite the subordinate-lien bonds not having any pledged debt service reserves, monies released from these reserves into the surplus matching account are pledged to the subordinate bonds. Releases occur annually, and, after
