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Summary: Denver City And County School District No.1, Colorado; Appropriations; School State Program Sep 09

  • ID: 2045140
  • September 2009
  • Region: Colorado
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' issuer credit rating (ICR) and long-term rating to Denver City and County School District No. 1, Colo.'s series 2009B general obligation (GO) bonds (qualified school construction). At the same time, Standard & Poor's affirmed its 'AA-' ICR and long-term rating on the district's outstanding GO bonds. Finally, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) on the district's outstanding certificates of participation (COPs). The rating reflects: A broad economic base that serves as a regional trade center; Adequate general fund balances and financial management practices, with additional revenue support from mill-levy overrides and a substantial reserve designated for compensation; and Low overall net debt burden as a percent of estimated market...

Companies mentioned in this report are:
- Denver City & Cnty Sch Dist #1

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Denver City & Cnty Sch Dist #1

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

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