Standard & Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) on Denver Board of Water Commissioners, Colo.'s series 1998 and 2001 certificates of participation (COPs), supported by Denver City & County, to 'AAA' from 'AA-'. Lease revenues, subject to annual appropriation, on the city's Moffat and Marston water treatment plants, two of the city's three water treatment plants, secure the COPs. Standard & Poor's also raised its SPUR on the water board's water revenue bonds to 'AAA' from 'AA+'. A closed first lien on net water revenues secures the prior bonds. At the same time, Standard & Poor's raised its SPUR on the water board's master-resolution water revenue bonds to 'AAA' from 'AA' and assigned its 'AAA'...
Companies mentioned in this report are:
- Denver City & Cnty
- Denver Brd of Wtr Comr
Action: New Rating
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