- Language: English
- Published: December 2011
Summary: Denver City & Cnty, CO; Tax Secured, General Obligation Feb 03
- ID: 2035661
- February 2003
- Standard & Poors
The City and County of Denver, Colo.'s GO bonds and the Denver Board of Water bonds, which are also secured by a GO bond of the City and County of Denver, are rated 'AA+' due to the following factors: A strong and diverse economy; Above-average wealth and income levels; Moderate debt levels; and Strong financial performance, aided by midyear budget-cutting actions to offset recent revenue declines. These factors are offset slightly by recent economic softness and state constitutional limitations on revenues, which probably will slightly "ratchet down" permissible revenues for general purposes after 2002. Denver serves as a service, trade, and transportation center for the greater Rocky Mountain region. Denver's growing metropolitan employment has strongly outperformed national trends since 1990,...
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.
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 >