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...
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Action: Outlook: Stable
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