The ratings on Denver City and County, Colo.'s GO bonds and the bonds issued for the Denver Board of Water Commissioners reflect: A strong and diverse economy, Above-average wealth and income levels, Moderately low debt, and Strong financial performance. These factors are offset slightly by state constitutional limitations on revenues. The Denver Board of Water Commissioners' city GO bonds are additionally secured by water revenues. Denver serves as a services, trade, and transportation center for the greater Rocky Mountain region. Its growing metropolitan employment is diversified among services, trade, government, and manufacturing, although services accounted for 31% of the total in 1998. Growth has occurred particularly in services, finance, and construction. The area's economy has strongly outperformed national trends since
