Denver, CO $246.33 Million Certificates Of Participation Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research

Denver, CO $246.33 Million Certificates Of Participation Assigned 'AA+' Rating

Denver, CO $246.33 Million Certificates Of Participation Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research
Denver, CO $246.33 Million Certificates Of Participation Assigned 'AA+' Rating
Published Jul 13, 2023
2 pages (1176 words) — Published Jul 13, 2023
Price US$ 150.00  |  Buy this Report Now

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Abstract:

ENGLEWOOD (S&P Global Ratings) July 13, 2023--S&P Global Ratings assigned its 'AA+' long-term rating to Denver City&County, Colo.'s anticipated $246.325 million series 2023 certificates of participation (COPs). At the same time, S&P Global Ratings affirmed its: 'AAA' rating on the city's outstanding GO bonds; 'AA+' long-term and underlying rating (SPUR) on the city's various COPs and lease-secured obligations and on debt issued by the Denver Housing Authority (DHA) but secured by a pledge from Denver to annually levy and appropriate an affordable housing millage that will support the debt; and 'AA+/A-1' ratings on Denver's 2008 A1-A3 variable-rate COPs with a JPMorgan Chase Bank N.A. (A+/Stable/A-1) credit facility. The outlook is stable. "The rating further reflects our view of

  
Brief Excerpt:

...July 13, 2023 ENGLEWOOD (S&P Global Ratings) July 13, 2023--S&P Global Ratings assigned its '##+' long-term rating to Denver City & County, Colo.'s anticipated $246.325 million series 2023 certificates of participation (COPs). At the same time, S&P Global Ratings affirmed its: - '###' rating on the city's outstanding GO bonds; - '##+' long-term and underlying rating (SPUR) on the city's various COPs and lease-secured obligations and on debt issued by the Denver Housing Authority (DHA) but secured by a pledge from Denver to annually levy and appropriate an affordable housing millage that will support the debt; and - '##+/A-1' ratings on Denver's 2008 A1-A3 variable-rate COPs with a JPMorgan Chase Bank N.A. (A+/Stable/A-1) credit facility. The outlook is stable. "The rating further reflects our view of the city's very strong economy and demonstrated ability to maintain structurally balanced operations," said S&P Global Ratings credit analyst Alyssa Farrell. A portion of the par amount from...

  
Report Type:

Ratings Action

Issuer
Denver City and County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Denver, CO $246.33 Million Certificates Of Participation Assigned 'AA+' Rating" Jul 13, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Denver-CO-246-33-Million-Certificates-Of-Participation-Assigned-AA-Rating-3019493>
  
APA:
S&P Global Ratings’ Credit Research. (). Denver, CO $246.33 Million Certificates Of Participation Assigned 'AA+' Rating Jul 13, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Denver-CO-246-33-Million-Certificates-Of-Participation-Assigned-AA-Rating-3019493>
  
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