(PR-inside.com) - Fitch Ratings, as part of ongoing surveillance, has affirmed the 'A' rating for Beaver Creek Metropolitan District, Colorado's (the district) approximately $4.3 million in outstanding general obligation bonds series 1998 and $692,000 in outstanding general obligation refunding bonds, series 2001. The bonds are secured by the district's full faith and credit pledge, payable from unlimited ad valorem taxes. The Rating Outlook is Stable. The rating reflects the district's high-value development, affordable debt burden, and sound financial operations, coupled with the vulnerability inherent to recreation and tourism-based economies. With the district at about full build-out, property ownership is relatively ..
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