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Denver City and County, CO GO Debt Upgraded To 'AAA'; Various City Lease Obligations Upgraded Sep 08 Product Image

Denver City and County, CO GO Debt Upgraded To 'AAA'; Various City Lease Obligations Upgraded Sep 08

  • ID: 2035387
  • September 2008
  • Standard & Poors

FEATURED COMPANIES

  • Denver Brd of Wtr Comr
  • Denver City & Cnty
  • MORE

Abstract
NEW YORK (Standard & Poor's) Sept. 8, 2008--Standard & Poor's Ratings Services raised its general obligation (GO) rating, with a stable outlook, on Denver City and County, Colo. to 'AAA' from 'AA+'. The upgrade is due to the city's presence as the economic center of the Colorado Front Range and consistently health financial performance, including historical maintenance of very strong fund balances and prudent management of city budgets. At the same time, Standard & Poor's raised the rating on various city lease secured obligations to 'AA+' from 'AA', reflecting the city's pledge to appropriate lease payments. The upgrade includes city GO debt issued on behalf of the Denver Board of Water Commissioners. "The city GO rating reflects our view of...

Companies mentioned in this report are:
- Denver City & Cnty
- Denver Brd of Wtr Comr

Action: Outlook: Stable
Action: Upgraded

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Denver City & Cnty
- Denver Brd of Wtr Comr

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