Home Credit Ratings and Research S&P Global Ratings’ Credit Research Colorado Springs

Summary: Colorado Springs, Colorado; Combined Utility

Published Sep 15, 2017

4 pages (1223 words) — Published Sep 15, 2017

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

S&P Global Ratings lowered its short-term rating component on Colorado Springs, Colo.'s series 2009C variable-rate demand utilities system refunding revenue bonds to 'AA/A-1' from 'AA/A-1+'. The stable outlook is solely applicable to the long-term component of the rating. This rating action reflects our assessment of the new enhancement for the bonds in the form of a standby letter of credit (LOC) from Sumitomo Mitsui Banking Corp., substituting for a prior standby-bond-purchase agreement provided by Royal Bank of Canada. The long-term component of the rating continues to reflect our view of Colorado Springs' credit characteristics. The short-term component of the rating reflects our assessment of the new standby LOC provided by Sumitomo Mitsui Banking Corp. The new standby LOC will cover

Brief Excerpt:

...The stable outlook reflects S&P Global Ratings' view of the stable outlook on Colorado Springs. Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria....

Report Type:

Summary

Issuer

Colorado Springs

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Colorado Springs, Colorado; Combined Utility" Sep 15, 2017. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Colorado-Springs-Colorado-Combined-Utility-1915966>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Colorado Springs, Colorado; Combined Utility Sep 15, 2017. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Colorado-Springs-Colorado-Combined-Utility-1915966>

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