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Buttermilk Metropolitan District, CO's 2011 GO Refunding Bonds Rated 'A+' Aug 11
Standard & Poors, Aug 2011
Abstract
SAN FRANCISCO (Standard & Poor's) Aug. 15, 2011--Standard & Poor's Ratings Services assigned its 'A+' rating to Buttermilk Metropolitan District, Colo.'s series 2011 general obligation (GO) refunding bonds. The outlook is stable. 'The rating reflects our view of the district's very strong income levels and extremely strong per capita market value, mature community and limited future capital needs, and maintenance of very strong reserves,' said Standard & Poor's credit analyst Bryan Moore. According to management, bond proceeds will be used to refund the district's series 2002 GO bonds. RELATED CRITERIA AND RESEARCH USPF Criteria: Methodology And Assumptions: Rating Unlimited Property Tax Basic Infrastructure Districts, March 17, 2009...
Companies mentioned in this report are: Buttermilk Metro Dist
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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