Denver Board Of Water Commissioners, Colorado Denver City & County; Appropriations; Water/Sewer May 09
Standard & Poors, May 2009
Abstract
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
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: Full Analysis
Denver City & Cnty,Denver Brd of Wtr Comr
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