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Denver City & County, Colorado, Helen G. Bonfils Foundation; Non-Profit Organizations Sep 11 Product Image

Denver City & County, Colorado, Helen G. Bonfils Foundation; Non-Profit Organizations Sep 11

  • Published: September 2011
  • Region: Colorado
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A+' long-term rating on the Helen G. Bonfils Foundation (HGBF)'s series 2009 revenue bonds issued by the Colorado Educational and Cultural Facilities Authority and series 2002 revenue bonds issued by the Denver City & County. The outlook on all ratings is stable. The rating reflects our view of: HGBF's proven ability to adjust its annual contribution to the Denver Center for the Performing Arts (DCPA), to which it gave a $2.0 million contribution in fiscal 2010 and 2011; Improving financial resources for the rating category, with unaudited cash and investments as of fiscal 2011 of $33.6 million, equal to 7.6x operating expenses and 3.6x debt; and DCPA's decreasing reliance on annual contributions from...

Companies mentioned in this report are: Helen G. Bonfils Foundn,Denver City & Cnty,Colorado Educl & Cultural Facs Auth
Action: Affirmed

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Helen G. Bonfils Foundn,Denver City & Cnty,Colorado Educl & Cultural Facs Auth

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