Standard&Poor's Ratings Services assigned its 'AA' rating to Orlando Utility Commission (OUC), Fla.'s, utility system revenue bonds (federally taxable), series 2010C, and affirmed its 'AA' rating on OUC's debt outstanding. Standard&Poor's also assigned its 'SP-1+' rating to the series 2010D bonds, which mature July 1, 2011. Standard&Poor's also affirmed its 'AA' long-term rating and underlying rating (SPUR) on OUC's parity debt obligations outstanding. The long-term rating on OUC reflects what we believe 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 in consideration of OUC's high investment-grade rating; Substantial cash reserves, with what we believe
