Summary: Spanish Peaks Library District, Colorado; General Obligation Oct 11

Standard & Poors, October 2011

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term rating on Spanish Peaks Library District, Colo.'s $1.75 million general obligation (GO) bonds series 2008. The outlook is stable. The 'BBB+' rating reflects our opinion of the district's: Historically adequate general fund performance, although the district experienced general fund deficits in fiscal years 2008 and 2007; Strong 33.5% unreserved general fund balance in fiscal 2010 based on unaudited figures; Low overall debt burden, with limited future capital plans; and A limited economy, with below-average incomes and a limited employment base. Unlimited ad valorem taxes levied on taxable property within the district secure the bonds. The board of supervisors of the county has the power and obligation to levy these taxes at...

Companies mentioned in this report are: Spanish Peaks Lib Dist
Action: Affirmed
Action: Outlook: Stable

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Spanish Peaks Lib Dist

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