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S&P rates Denver School Facilities bonds A+
Standard & Poor's said it assigned an A+ rating and stable outlook to the Denver School Facilities Leasing Corp., Colo.'s $630.44 million of series 2008A and 2008B taxable variable-rate certificates of participation, supported by the Denver City and County School District No. 1, Colo.
At the same time, S&P raised the district's issuer credit rating to AA- from A+ and raised the underlying rating on the district's lease-secured debt to A+ from A.
The outlook is stable.
S&P also affirmed its AA- state enhanced rating and underlying rating, with stable outlook, on the district's G.O. bonds, based on the Colorado state aid withholding program.
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