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Fitch Affirms Commerce City, Colorado's COPs at 'A-'; Outlook Stable
As part of ongoing surveillance, Fitch Ratings has affirmed its rating of 'A-' on Commerce City, Colorado's (the city) $30,900,000 of outstanding certificates of participation (COPs, or the certificates), series 2006. The Rating Outlook is Stable.The certificates are secured by lease rental payments made by the city to the Commerce City Finance Authority for use and occupancy of a civic center. Lease rental payments are payable from any legally available funds of the city appropriated by city council for such purpose.The 'A-' rating reflects the city's sound financial management, healthy reserve levels, and heavy reliance on economically volatile sales and
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