Getting your player ready...
One of the top three ratings agencies today gave Denver’s soon-to-be sold general obligation bonds a AAA rating.
Fitch Ratings said the $16.5 million in bonds due to be sold June 27 got the rating because “Denver’s economy is fundamentally sound and diverse.”
Additionally, Fitch said the city “benefits from strong voter support” for its large bond program.
The agency also affirmed the ratings on several other issues and called the outlook “stable.”
However, Fitch warned that an inability to identify solutions to fix budget gaps past 2012 “will lead to negative rating pressure.”
