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

Summary: Denver, Colorado; Appropriations; General Obligation

Summary: Denver, Colorado; Appropriations; General Obligation - S&P Global Ratings’ Credit Research
Summary: Denver, Colorado; Appropriations; General Obligation
Published Jul 13, 2023
7 pages (2811 words) — Published Jul 13, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to Denver City and County, Colo.'s anticipated $246.325 million series 2023 certificates of participation (COPs). At the same time, S&P Global Ratings affirmed its 'AAA' rating on the city's outstanding GO bonds and its 'AA+' long-term and underlying rating (SPUR) on the city's various 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&County to annually levy and appropriate an affordable housing millage that will support the debt, and our 'AA+/A-1' ratings on Denver's 2008 A1-A3 variable-rate COPs with a JPMorgan Chase Bank N.A. (A+/Stable/A-1) credit facility. The outlook is stable. The COPs

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' long-term rating to Denver City and County, Colo.'s anticipated $246.325 million series 2023 certificates of participation (COPs). + At the same time, S&P Global Ratings affirmed its '###' rating on the city's outstanding GO bonds and its '##+' long-term and underlying rating (SPUR) on the city's various 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 & County to annually levy and appropriate an affordable housing millage that will support the debt, and our '##+/A-1' ratings on Denver's 2008 A1-A3 variable-rate COPs with a JPMorgan Chase Bank N.A. (A+/Stable/A-1) credit facility. + The outlook is stable....

  
Report Type:

Summary

Issuer
Denver City and County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Denver, Colorado; Appropriations; General Obligation" Jul 13, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Denver-Colorado-Appropriations-General-Obligation-3019494>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Denver, Colorado; Appropriations; General Obligation Jul 13, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Denver-Colorado-Appropriations-General-Obligation-3019494>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.