Fitch Ratings affirms the 'AAA/V1+' ratings assigned to City of Colorado Springs, Colorado Investment Portfolio. The affirmation is as a result of Fitch's annual review of the portfolio and is based on the high credit quality of the portfolio's assets, appropriate levels of liquidity relative to expected cash outflows, and sufficient investment management oversight and operational controls. As of April 30, 2009, 86% of the portfolio was invested in U.S. instrumentality securities, 9% was invested in a local government investment pool (LGIP), Colorado Local Government Liquid Asset Trust, rated 'AAA/V1+' by Fitch and 5% was invested in commercial paper issued by
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