Denver City&County, CO Revenue Refunding Bond Rating Raised To 'A' On Improved Revenues And Coverage

SAN FRANCISCO (Standard&Poor's) Aug. 31, 2015--Standard&Poor's Ratings Services raised its underlying rating (SPUR) to 'A' from 'A-' on Denver City and County, Colo.'s series 2005A and 2009A excise tax revenue refunding bonds. The outlook is stable. "The raised rating reflects our view of the pledged revenue growth and improved coverage," said Standard&Poor's credit analyst Matthew Reining. The rating reflects our view of: The large and diverse economic base of the city of Denver, which generates the pledged taxes; The city's position as a tourist and convention destination; and Strong coverage of maximum annual debt service. RELATED CRITERIA AND RESEARCH Related Criteria USPF Criteria: Special Tax Bonds, June 13, 2007 Criteria: Use of CreditWatch And

...SAN FRANCISCO (Standard & Poor's) Aug. 31, 2015--Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'A' from 'A-' on Denver City and County, Colo.'s series 2005A and 2009A excise tax revenue refunding bonds. The outlook is stable. "The raised rating reflects our view of the pledged revenue growth and improved coverage," said Standard & Poor's credit analyst Matthew Reining. The rating reflects our view of: + The large and diverse economic base of the city of Denver, which generates the pledged taxes; + The city's position as a tourist and convention destination; and + Strong coverage of maximum annual debt service. RELATED CRITERIA AND RESEARCH Related Criteria + USPF Criteria: Special Tax Bonds, June 13, 2007 + Criteria: Use of CreditWatch And Outlooks, Sept. 14, 2009 Complete ratings information is available to subscribers of RatingsDirect at...

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