Summary: Denver City and County, Colorado; Appropriations; General Obligation - S&P Global Ratings’ Credit Research

Summary: Denver City and County, Colorado; Appropriations; General Obligation

Summary: Denver City and County, Colorado; Appropriations; General Obligation - S&P Global Ratings’ Credit Research
Summary: Denver City and County, Colorado; Appropriations; General Obligation
Published Mar 28, 2024
9 pages (4173 words) — Published Mar 28, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to Denver City and County, Colo.'s anticipated $129.2 million series 2024A and $139.7 million series 2024B general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the city's GO bonds outstanding and its 'AA+' long-term and underlying rating (SPUR) on the city's various certificates of participation (COPs) and lease-secured obligations. We also affirmed our 'AA+' rating on debt issued by the Denver Housing Authority (DHA) but secured by a pledge from Denver City and County to annually levy and appropriate an affordable housing millage to support the debt. The outlook is stable. The series 2024A bonds will be the sixth and final issuance of the $937.3

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###' long-term rating to Denver City and County, Colo.'s anticipated $129.2 million series 2024A and $139.7 million series 2024B general obligation (GO) bonds. + At the same time, S&P Global Ratings affirmed its '###' rating on the city's GO bonds outstanding and its '##+' long-term and underlying rating (SPUR) on the city's various certificates of participation (COPs) and lease-secured obligations. + We also affirmed our '##+' rating on debt issued by the Denver Housing Authority (DHA) but secured by a pledge from Denver City and County to annually levy and appropriate an affordable housing millage to support the debt. + The outlook is stable....

  
Report Type:

Summary

Issuer
Denver City and County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Denver City and County, Colorado; Appropriations; General Obligation" Mar 28, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Denver-City-and-County-Colorado-Appropriations-General-Obligation-3146166>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Denver City and County, Colorado; Appropriations; General Obligation Mar 28, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Denver-City-and-County-Colorado-Appropriations-General-Obligation-3146166>
  
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