...S&P Global Ratings assigned its '###' rating to Denver City & County's general obligation bonds series 2019C. The outlook is stable. Bond proceeds will be used to fund the next phase of capital improvements from the city's Elevate Denver bond initiative voters passed in 2017. Denver remains one of the fastest growing cities in the U.S., as evidenced by both population and development growth. To manage and track its expansion, the city uses a broad range of planning and management tools, allowing both staff and elected officials to understand the pressures and opportunities afforded from such strong growth. While the pace of growth has started to moderate over the past year--evidenced in part by slower sales tax revenue growth--the change is not enough to cause concern with the economy or financial position. Rather, it should allow Denver to continue expanding at a more manageable speed. Regardless of the pace of growth, in order to manage rising fixed costs from debt and pension liabilities,...
