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Article: Fitch Rates $105.965MM Denver CO Airport System Revs, Ser 2009C 'AA+/F1+'.
- Article from:
- Journal of Transportation
- Article date:
- November 7, 2009
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Fitch Ratings has assigned a rating of 'AA+/F1+' to the $105,965,000 City and County of Denver, Colorado for and on behalf of its Department of Aviation, airport system revenue bonds, series 2009C. The 'AA+' long-term component of the rating is based jointly on the rating that Fitch has assigned to the airport system's revenue bonds (currently rated 'A+') and the support provided by an irrevocable, direct-pay letter of credit (LOC) issued by JPMorgan Chase Bank, National Association (currently rated 'AA-/F1+'). (For information about the basis for the long-term component of the rating, see the criteria report titled 'Dual-Party Pay Criteria for Long-Term Ratings on ...