Summary: Colorado Springs Series 2007A Bonds Rating Raised To 'AA/A-1+'; Combined Utility - S&P Global Ratings’ Credit Research

Summary: Colorado Springs Series 2007A Bonds Rating Raised To 'AA/A-1+'; Combined Utility

Summary: Colorado Springs Series 2007A Bonds Rating Raised To 'AA/A-1+'; Combined Utility - S&P Global Ratings’ Credit Research
Summary: Colorado Springs Series 2007A Bonds Rating Raised To 'AA/A-1+'; Combined Utility
Published Sep 30, 2011
945 words — Published Sep 30, 2011
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Abstract:

Standard&Poor's Ratings Services raised its rating on Colorado Springs' revenue bonds series 2007A to 'AA/A-1+' from 'AA/A-1', based on a substitute standby bond purchase agreement (SBPA) provided by Wells Fargo Bank N.A. (A-1+). The Wells Fargo Bank N.A. SBPA will provide coverage for the purchase price of unremarketed tendered bonds, including up to 35 days of interest at the maximum rate of 12%. The Wells Fargo Bank N.A. SBPA is scheduled to terminate Sept. 22, 2013, and, at that time, if the facility is not replaced or extended, the short-term component of the rating will be withdrawn. The stable outlook reflects the outlook of the obligor. USPF Criteria: Bank Liquidity Facilities, June 22, 2007 USPF Criteria: Standby Bond

  
Brief Excerpt:

RESEARCH Summary: Colorado Springs Series 2007A Bonds Rating Raised To '##/A-1+'; Combined Utility Publication date: 30-Sep-2011 Primary Credit Analyst: Beatriz Peguero, New York (1) 212-438-2164; beatriz_peguero@standardandpoors.com...

  
Report Type:

Summary

Issuer
Colorado Springs
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Colorado Springs Series 2007A Bonds Rating Raised To 'AA/A-1+'; Combined Utility" Sep 30, 2011. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Colorado-Springs-Series-2007A-Bonds-Rating-Raised-To-AA-A-1-Combined-Utility-896133>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Colorado Springs Series 2007A Bonds Rating Raised To 'AA/A-1+'; Combined Utility Sep 30, 2011. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Colorado-Springs-Series-2007A-Bonds-Rating-Raised-To-AA-A-1-Combined-Utility-896133>
  
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