Summary: Denver City & County, Colorado Denver Board of Water Commissioners; General Obligation; Water/Sewer Jun 12
- Language: English
- Published: June 2012
- Region: Colorado
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
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Denver City & Cnty