Summary: Denver City & County, Colorado; Water/Sewer Dec 11
- ID: 2034051
- December 2011
- Region: Colorado
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' rating to Denver City & County, Colo.'s series 2012 wastewater enterprise revenue bonds and affirmed its 'AAA' rating on the system's debt outstanding. The outlook is stable. The 'AAA' rating reflects our assessment of: A very large and diverse customer and tax base covering the city and county of Denver ('AAA' general obligation rating), which continues to serve as a regional economic hub for the Rocky Mountain area; Good coverage of maximum annual debt service (MADS) by historical and budgeted net wastewater system revenues, following recently implemented rate increases through 2013; Liquidity levels that historically have been strong, but are budgeted to weaken in fiscal 2011 and then rebound in fiscal 2012;...
Companies mentioned in this report are: Denver City & Cnty
Action: New Rating
Action: Outlook: Stable
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