Denver City & County, Colo.'s Wastewater Revenue Bonds Rated 'AA'; Outlook Stable Mar 02
- ID: 2035325
- March 2002
- Standard & Poors
NEW YORK (Standard & Poor's) March 13, 2002-Standard & Poor's today assigned its double-'A' rating to Denver City and County, Colo.'s $30.875 million wastewater revenue bonds series 2002 dated April 1, 2002, due Nov. 1, 2022. The bonds are scheduled to sell on March 19, 2002. The outlook is stable. The bonds are secured by a pledge of net revenues from the city's wastewater fund, after operations and maintenance expenses. Pledged wastewater fund revenues include both sanitary sewer fees and storm water drainage taxes, but exclude connection and developer fees. The rating reflects: -- A very large and diverse customer and tax base covering the city and county of Denver, which continues to serve as a regional economic hub for...
Companies mentioned in this report are: Denver City & Cnty
Action: New Rating
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Denver City & Cnty