Standard&Poor's Ratings Services assigned its 'AA/A-1+' and 'AA' ratings to State Street Bank&Trust Co. Clipper Tax-Exempt/Residual Certificates' series 2012-5A, relating to Colorado Springs' utilities system revenue bonds series 2012C-1. The long-term component of the rating on the clipper tax-exempt and residual certificates is based on the rating on the underlying bond (AA). The short-term component of the rating on the clipper tax-exempt certificates is based on the rating on State Street Bank&Trust until Dec. 19, 2013. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a description
