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Summary: Lafayette, Colorado; General Obligation Feb 13

  • ID: 2394526
  • February 2013
  • Region: Colorado
  • Standard & Poors
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Standard & Poor's Ratings Services affirmed its 'AA' long-term rating and underlying rating (SPUR) on Lafayette, Colo.'s general obligation bonds. The outlook is stable. The ratings reflect our view of the city's: Participation in the deep and diverse Boulder economy, reflected in very strong income and wealth levels in the city; History of maintaining very strong fund position; Low debt burden with limited future capital needs. In our opinion, the preceding credit strengths are somewhat offset by the city's reliance on sales tax revenues and concentrated tax base. Lafayette serves an estimated population of 25,183 and is located 10 miles east of Boulder. City residents have access to employment opportunities in Denver and Boulder. Income levels in the city are...

Companies mentioned in this report are:
- Lafayette

Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

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- Lafayette

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