City and County of Denver, CO Revenue Debt Rating Outlook Revised To Stable From Negative On Higher Tax Collections - S&P Global Ratings’ Credit Research

City and County of Denver, CO Revenue Debt Rating Outlook Revised To Stable From Negative On Higher Tax Collections

City and County of Denver, CO Revenue Debt Rating Outlook Revised To Stable From Negative On Higher Tax Collections - S&P Global Ratings’ Credit Research
City and County of Denver, CO Revenue Debt Rating Outlook Revised To Stable From Negative On Higher Tax Collections
Published Aug 10, 2022
3 pages (1436 words) — Published Aug 10, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CENTENNIAL (S&P Global Ratings) Aug. 10, 2022--S&P Global Ratings revised its outlook to stable from negative on City and County of Denver, Colo.'s dedicated tax revenue debt. At the same time, S&P Global Ratings affirmed its 'AA-' rating on the city's dedicated tax revenue debt outstanding. "The outlook revision reflects a rebound in dedicated tax revenue collections in Denver as more normal tourism and resident spending resumed following the height of the COVID-19 pandemic," said S&P Global Ratings credit analyst Jane Ridley. We revised the outlook to negative from stable at the beginning of the pandemic in April 2020 as we did for many other issuers supported by hospitality taxes, given ongoing weakness in pledged revenue caused by the effects

  
Report Type:

Ratings Action

Issuer
Denver City and County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "City and County of Denver, CO Revenue Debt Rating Outlook Revised To Stable From Negative On Higher Tax Collections" Aug 10, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/City-and-County-of-Denver-CO-Revenue-Debt-Rating-Outlook-Revised-To-Stable-From-Negative-On-Higher-Tax-Collections-2878147>
  
APA:
S&P Global Ratings’ Credit Research. (). City and County of Denver, CO Revenue Debt Rating Outlook Revised To Stable From Negative On Higher Tax Collections Aug 10, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/City-and-County-of-Denver-CO-Revenue-Debt-Rating-Outlook-Revised-To-Stable-From-Negative-On-Higher-Tax-Collections-2878147>
  
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