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Careful Management And Growth Key To Stability Of Colorado Local Ratings Feb 05
Standard & Poors, Feb 2005
Abstract
Despite the recession experienced by Colorado over the past several years, credit quality throughout, with the notable exception of the state's own, has been stable or improving. Along with this period of economic contraction followed by economic recovery, several forces have dominated the state's credit trends, specifically strong residential growth, pressure on long-term water supplies, and continued limitations on revenue growth due to Amendment One (the taxpayers bill of rights, or TABOR). Strong financial management and maintenance of reserves has generally served most communities well, demonstrating the importance of fund balances, from a credit perspective, during a period of relative economic stagnation. Many metropolitan areas across the Front Range are experiencing a recovery from the relative boom and decline of...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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