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Summary: Denver City & Cnty, CO; Utility, Water/Sewer Mar 02

  • ID: 2035588
  • March 2002
  • Standard & Poors

The rating on Denver City and County, Colo.'s wastewater revenue bonds 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 the Rocky Mountain area; High coverage of future maximum annual debt service (MADS) by historical net wastewater revenues; Coverage that should remain high as long as the city continues to fund substantial amounts of its wastewater capital plan with pay-as-you-go financing; Modest sanitary sewer fees, which are not expected to increase much in the near future; and Modest storm water drainage fees, which will still remain reasonable after planned substantial tax hikes. These positive factors are offset somewhat by plans for substantial...

Companies mentioned in this report are: Denver City & Cnty
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 READ MORE >

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Denver City & Cnty

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