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Belle Creek Metropolitan District No. 1, CO General Obligation Debt Outlook Revised To Negative On Stressed Operations Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 19, 2012--Standard & Poor's Ratings Services revised its outlook to negative from stable on Belle Creek Metropolitan District No. 1, Colo.'s series 2010 general obligation (GO) refunding bonds. Standard & Poor's also affirmed its 'BBB+' long-term rating on the district's GO bonds. 'We base the outlook revision on the negative trend in the district's operations in the past four years, with a budgeted deficit in fiscal 2012 likely to bring reserves below what we consider an adequate level,' said Standard & Poor's credit analyst Michael Stock. The rating reflects what we view as Belle Creek Metropolitan District No. 1's: High total mill levy, which is expected to equal approximately 162 mills in parts of...
Companies mentioned in this report are: Belle Creek Metro Dist #1
Action: Affirmed
Action: Outlook: Negative
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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