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S&P Credit Research2007 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services assigned its 'A' long-term rating, and stable outlook, to Erie, Colo.'s series 2009A and 2009B (Build America Bonds (BAB; Direct Payment) wastewater enterprise revenue bonds. The rating reflects our view of: The wastewater utility system's diverse residential customer base, with strong wealth and income levels and direct access to the Denver metropolitan statistical area; Erie's robust residential growth in the area in the past decade, which has provided the system with substantial tap fees and helped generate a large unrestricted cash balance equal to slightly more than four years of operating expenses; and The system's sufficient capacity after the current expansion, funded through this issuance, to last the town for at least the next 10
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Erie, Colorado; Water/Sewer Publication date: 03-Nov-2009 Primary Credit Analyst: Timothy Barrett, New York (1) 212-438-6327; timothy_barrett@standardandpoors.com Secondary Credit Analyst: David...
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| Report Type: | Summary
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| Issuer: | Erie
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Summary: Erie, Colorado; Water/Sewer $175.00
Standard&Poor's Ratings Services assigned its 'A' long-term rating, and stable outlook, to Erie, Colo.'s series 2008A wastewater enterprise revenue bonds and and its series 2008B wastewater revenue refunding bonds. The rating reflects our view ...
- Erie, CO's GO And GO Refunding Bonds Rated 'A+' $100.00
NEW YORK (Standard&Poor's) June 8, 2006—Standard&Poor's Ratings Services has assigned its 'A+' rating to the town of Erie, Colo.'s $19.784 million series 2006A and 2006B GO and GO refunding bonds. The bonds are scheduled to sell on June 27. ...
- Summary: Erie, Colorado; General Obligation $175.00
The 'A+' rating on the town of Erie, Colo.'s series 2006A and 2006B GO and GO refunding bonds reflects the town's: Rapidly growing property tax base, with access to the Denver MSA; Good financial performance and very strong general fund balance; ...