S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Water Resources and Power Development Authority (CWRPDA)'s approximately $16.67 million series 2024C state revolving fund (SRF) revenue bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term ratings on the authority's clean and drinking water debt outstanding. The outlook is stable. The bonds are secured by loan repayments from specific borrowers, funded by their respective bond series, and excess payments from the revolving funds' leveraged, equity funded, and direct loan programs, as well as money from certain funds, accounts, and subaccounts. As of June 30, 2024, the SRF programs (inclusive of direct loans) had $646.3 million in clean water loans and $444.6 million in drinking water loans
