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Fitch to Downgrade Colorado Springs VRD Utilities Sys Bonds Ser 2005A S-T Rating to 'F1'

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NEW YORK--(BUSINESS WIRE)--On the effective date of Sept. 14, 2015, Fitch Ratings will downgrade the short-term 'F1+' rating to 'F1' assigned to the $100,000,000 City of Colorado Springs Variable Rate Demand Utilities System Subordinate Lien Improvement Revenue Bonds series 2005A. The short-term rating action is in connection with: (i) the substitution of the liquidity support provided by Bank of Montreal (rated 'AA-/F1+'; Stable Outlook by Fitch), acting through its Chicago Branch, in the form

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