Standard&Poor's Ratings Services has assigned its 'AA' long-term rating to Orlando Utility Commission (OUC or the commission), Fla.'s $200 million utility system revenue bonds (federally taxable), series 2010A. We expect the utility to sell the bonds as Build America Bonds (BABs). Standard&Poor's also has affirmed its 'AA' long-term and underlying ratings on parity debt obligations outstanding. The outlook is stable. The ratings reflect what we consider to be the following credit strengths: Consistently strong financial performance, with coverage of debt service, transfers, and fixed charges at levels that are, in our opinion, solid even considering the strong rating; Substantial cash reserves, with what we believe are well-defined policies governing their use; Rates that are below average
