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Summary: Denver City And County, Colorado; General Obligation Jan 08
Standard & Poors, January 2008
Standard & Poor's Ratings Services assigned its 'AA+' rating, with a stable outlook, to Denver City and County, Colo.'s series 2008 GO justice system facility bonds and supplemental interest coupons. At the same time, Standard & Poor's affirmed its 'AA+' rating on the city's outstanding GO debt, and city GO debt issued on behalf of the Denver Board of Water Commissioners. The outlook is stable. The rating reflects Denver's: Position as the center of a large and diverse metropolitan economy that serves as a regional trade and employment center; Maintenance of a large fund balance position and willingness to implement proactive midyear budget-cutting when necessary to maintain general fund unrestricted reserves at the city's minimum goal of 15% of expenditures;...
Companies mentioned in this report are: Denver City & Cnty,Denver Brd of Wtr Comr
Action: New Rating
Action: Outlook: Stable
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.
Denver City & Cnty,Denver Brd of Wtr Comr