| Title: | Summary: Cañon City, Colorado; Appropriations |
| Price: | $175.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Cañon City, Colo.'s series 2003 certificates of participation (COPs) to 'A' from 'BBB+' due to the city's good financial management and consistently strong financial position. The outlook is stable. At the same time, Standard&Poor's assigned its 'A' long-term rating, and stable outlook, to the city's series 2008 COPs, reflecting: Cañon City's general creditworthiness as project lessee and obligor, and Annual appropriation risk. Lease-rental payments made to the Cañon City Finance Authority, a nonprofit corporation, by the city secure the COPs. The city is conveying a leasehold interest in its water treatment plant to the authority under the site agreement, and then leasing the facility from the authority |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: CaA¦on City, Colorado; Appropriations Publication date: ##-May-#### Primary Credit Analyst: Hilary A Sutton, New York ###-###-####; hilary_sutton@standardandpoors.com Secondary Credit Analyst:... |
| Word Count: | 1222 |
| Issuer: | Canon City |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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