- Language: English
- Published: December 2011
Denver Board of Water Commissioners, Colorado Denver City and County; Appropriations; Water/Sewer Mar 07
- ID: 2035992
- March 2007
- Region: Colorado
- Standard & Poors
Standard & Poor's Ratings Services raised its underlying rating (SPUR) on prior-lien water revenue bonds issued by Denver City and County, Colo. and Denver Board of Water Commissioners to 'AA+' from 'AA' based on the closure of the prior-lien to additional parity bond issuances and the high current coverage of prior-lien debt service by historical net revenues of the water system. At the same time, Standard & Poor's assigned its 'AA' rating to the board's new series 2007A master resolution water revenue bonds. These bonds are secured by a second lien on net revenues of the board's water system and will fund ongoing capital improvements related to upgrades in water quality. In addition, Standard & Poor's affirmed its 'AA-' rating...
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.
Research Type: Full Analysis