Denver City & County, Colorado Denver Board of Water Commissioners; General Obligation; Water/Sewer May 12
Standard & Poors, May 2012
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating to the City and County of Denver, Colo., acting by and through its Board of Water Commissioners (the board), 2012A master resolution water revenue bonds. At the same time we affirmed our 'AAA' rating on the board's series 2007A, 2009A, and 2010B master resolution water revenue bonds, secured by a second lien on the system's net revenues. Standard & Poor's also affirmed its 'AAA' underlying rating (SPUR) on the board's water revenue bonds secured by a closed first lien on net water revenues. Standard & Poor's also affirmed its 'AAA' rating and SPUR on the board's general obligation (GO) bonds outstanding. The GO bonds are payable from unlimited ad valorem property...
Companies mentioned in this report are: Denver Brd of Wtr Comr,Denver City & Cnty
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
Denver Brd of Wtr Comr,Denver City & Cnty
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