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S&P rates Orlando, Fla., utility bonds AA/A-1+
Standard & Poor's said it assigned an AA/A-1+ rating and stable outlook to Orlando Utility Commission, Fla.'s $200 million of variable-rate utility system revenue bonds.
The long-term component is based on the commission's AA underlying rating and stable outlook.
The short-term components reflect standby bond purchase agreements provided by Banco Bilbao Vizcaya Argentaria SA.
S&P also said it affirmed the AA standard long-term rating and stable outlook on the commission's previously issued debt.
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