Standard&Poor's Ratings Services assigned its 'AA' rating to Orlando Utilities Commission (OUC), Fla.'s utility system revenue bonds, series 2015A. At the same time, Standard&Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on OUC's parity debt obligations outstanding, and its 'A-1' and 'A-1+' short term ratings on specific variable-rate obligations. The outlook is stable. The 'AA' rating reflects what we believe to be the following credit strengths: Consistently strong financial performance and good liquidity, along with what we view as well-defined policies governing their use; A diverse power supply mix, with ownership interest in fossil steam, combustion turbine, and nuclear plants, supplemented by purchased power contracts; Rates that are competitive compared with those of most
