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 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 >