(PR-inside.com) - In the course of routine surveillance, Fitch Ratings has affirmed its 'A+' rating on Denver School District No. 1 (the district), CO's $24.6 million pension certificates of participation (COPs), series 1997. The Rating Outlook is Stable. The rating reflects the district's stabilized and improving financial position, voter support for mill levy overrides, low to moderate debt levels, notable progress in funding other post employment benefits (OPEB), and broad and diverse economic base, with these factors balanced by a high variable rate exposure that currently includes a sizable amount of bank-owned bonds and a history of declining enrollment. After ..
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