- Published: May 2012
- Region: United States
Summary: Denver City & Cnty, CO; Higher Education, Non-Profit Organizations Jan 01
- Published: January 2001
- Standard & Poors
The rating on Denver City and County, Colo.'s bonds, issued for Helen G. Bonfils Foundation, reflects: Solid liquidity with expendable resources of about $109 million providing about 7 times (x) coverage of outstanding debt; Ample financial flexibility, with expendable resources providing over 2x operating expenses of both the foundation and the Denver Center for the Performing Arts, a nonprofit corporation for which the foundation operates exclusively; and Management's conservative investment and spending policies, which limit portfolio risk. Offsetting factors include the foundation's responsibility to operate exclusively for the Denver Center, which has limited financial resources and has historically been a break-even operation with large revenue variations. The bonds are a general obligation of the Helen G. Bonfils Foundation. The Bonfils...
Companies mentioned in this report are: Denver City & Cnty
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