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Fitch Affirms Orlando Utilities Commission Series 2011A Bonds at 'F1+'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the short-term rating on Orlando Utilities Commission (OUC) $98.36 million variable rate utility system revenue bonds series 2011A at 'F1+'. The bonds mature in 2027. The long-term rating on OUC's bonds is 'AA', and the Rating Outlook is Stable. SECURITY The bonds are secured by net revenues of the combined electric and water systems. KEY RATING DRIVERS SOLID LIQUIDITY: Over the past several years, OUC has maintained cash reserves exceeding Reported by Business Wire 5 hours ago.

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