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: New Rating
Action: Outlook: Stable
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