NEW YORK (Standard & Poor's) June 1, 2006ùStandard & Poor's Ratings Services has assigned its 'A' rating to the town of Frederick, Colo.'s $5.055 million series 2006 sales and use tax revenue bonds. The bonds are scheduled to sell on June 20. The outlook is stable. The rating reflects the town's rapidly growing sales and property tax bases, with access to the Denver MSA; good financial performance with strong debt service coverage from pledged taxes; and a strong 2x additional bonds test. The rating is constrained by moderate concentration in the local economy, along with growth pressures that will increase future capital and operating needs. "The stable outlook reflects the town's growing retail and population base, along with the very
