Summary: Denver City And County; Appropriations; General Obligation

Standard&Poor's Ratings Services assigned its 'AA+' rating to Denver City and County's series 2015A certificates of participation (COPs). In addition, Standard&Poor's affirmed its 'AAA' rating on the city's GO bonds outstanding. Finally, Standard&Poor's affirmed its 'AA+' rating and underlying rating (SPUR) on various city certificates of participation (COPs) and lease-secured obligations. The outlook is stable. The COPs represent an interest in base rentals to be made by the city for the use and occupancy of certain leased premises. The city's lease revenue bonds are secured by lease payments to be made by the city for the use and occupancy of certain leased premises. The city's COPs and lease payments are subject to annual appropriation

...Standard & Poor's Ratings Services assigned its '##+' rating to Denver City and County's series 2015A certificates of participation (COPs). In addition, Standard & Poor's affirmed its '###' rating on the city's GO bonds outstanding. Finally, Standard & Poor's affirmed its '##+' rating and underlying rating (SPUR) on various city certificates of participation (COPs) and lease-secured obligations. The outlook is stable. The COPs represent an interest in base rentals to be made by the city for the use and occupancy of certain leased premises. The city's lease revenue bonds are secured by lease payments to be made by the city for the use and occupancy of certain leased premises. The city's COPs and lease payments are subject to annual appropriation by the city to meet its obligations under the lease agreements. Unlimited ad valorem taxes levied on taxable property within the city secure the GO bonds. The city has covenanted to levy and collect sufficient ad valorem taxes to pay the bonds. The...

Summary