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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, January 2012
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: Outlook: Negative
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Research type: News
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Belle Creek Metro Dist #1