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Summary: Denver City & Cnty, CO; Revenue - Transportation, Other Aug 97 Product Image

Summary: Denver City & Cnty, CO; Revenue - Transportation, Other Aug 97

  • Published: August 1997
  • Standard & Poors

FEATURED COMPANIES

Abstract
The rating on Denver (City and County), Colo.'s bonds is based on an irrevocable LOC provided by Westdeutsche Landesbank Girozentrale ('AA+/A-1+'). The LOC covers principal of and interest on the bonds and the purchase price of tendered bonds. The LOC expires Aug. 27, 2001, unless terminated earlier according to its terms. Proceeds will be used to provide funds for application, together with certain available airport system funds, to purchase and retire all of the city's outstanding airport system subordinate revenue bonds, series 1990B-E, and to fund certain capital improvements for Denver International Airport. The bonds will initially be issued in a weekly interest rate mode. Thereafter the bonds may be converted to either daily, flexible, semiannual, term, or fixed interest...

Companies mentioned in this report are: Denver City & Cnty
Action: New Rating

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Denver City & Cnty

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