(PR-inside.com) In the course of routine surveillance, Fitch Ratings has affirmed the 'BBB+' rating on Cordillera Metropolitan District's, Colorado (the district) approximately $32.5 million in outstanding unlimited tax general obligation (GO) bonds. The Rating Outlook is Stable. The rating reflects the district's high-end, primarily residential development, adequate financial operations, and rapid debt payout. The rating also incorporates the decline in transfer tax revenues, a predominantly residential tax base and the vulnerability inherent in second-home and recreation-based economies. In 2003, the district assumed operational functions previously performed by Squaw Creek District through a contract. The district has successfully transitioned to ..
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