Denver City And County, Colorado; General Obligation Jan 08
- ID: 2035933
- January 2008
- Region: Colorado
- Standard & Poors
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
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Research Type: Full Analysis