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Fitch Rates $66.455MM Colorado Springs, CO VRD Utilities System Rfdg Revs Ser 2009C 'AA/F1+'.

Publication: Energy Weekly News
Publication Date: 02-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fitch Ratings assigns a rating of 'AA/F1+' to the $66,455,000 City of Colorado Springs, Colorado (city), variable-rate demand utilities system refunding revenue bonds, series 2009C. The proceeds of the bonds will be used to refund all of the city's outstanding utilities system subordinate lien improvement revenue bonds, series 1999A. The Rating Outlook is Stable.

The long-term 'AA' rating on the 2009C bonds is based on the net revenue pledge of the city's combined utilities system, and reflects the system's diverse revenue stream with four major...



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