On the effective date of Sept. 15, 2010, Fitch Ratings will confirm the 'F1+' short-term rating assigned to the city of Colorado Springs, Colorado variable rate demand (VRD) utilities system subordinate lien improvement revenue bonds, series 2005A. (the bonds). The short-term rating action is in connection with the substitution of the liquidity support provided by State Street Bank and Trust Company (rated 'A+/F1+'with a Stable Outlook by Fitch) in the form of a Standby Bond Purchase Agreement (SBPA), with a substitute SBPA issued by Bank of America, N.A. (rated 'A+/F1+' with a StableOutlook). The 'AA' long-term rating assigned to the
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