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Summary: Denver City & Cnty, CO; Revenue - Transportation, Airport Nov 98

  • ID: 2035858
  • November 1998
  • Standard & Poors

Abstract
The underlying rating on Denver City and County, Colo.'s bonds reflects the following credit strengths: - A pledged revenue stream with full rate-setting flexibility; - Solid growth in origination and destination enplanements, averaging 4.6% annually since 1990-a critical factor in the car rental market; - A strong rental car market that benefits from increasing diversification and growth of the local economy; and - The broad mix of car rental companies with 12 companies operating "on-airport" at Denver International Airport (DIA). These factors are tempered by: - A trend of decline in the number of transaction days per auto rental contract; - Susceptibility of pledged revenues to economic cycles; and - Permissive legal provisions, including a projected additional bonds test and...

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 READ MORE >

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Denver City & Cnty

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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