Fitch Affirms Mountain Village Metropolitan District, Colorado's GO Bonds at 'A-'

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    • Jan 2009
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    Fitch Affirms Mountain Village Metropolitan District, Colorado's GO Bonds at 'A-'

    (PR-inside.com) In the course of routine surveillance, Fitch Ratings affirms Mountain Village Metropolitan District (the district), Colorado's $54.7 million in outstanding general obligation (GO) bonds at 'A-'. The Rating Outlook is Stable.The 'A-' rating reflects this wealthy resort community's robust tax base growth, strong financial position, conservative management as well as its very small size, heavy reliance on tourism and consumption-based revenues and very high per capita debt levels. Preserving the town's financial flexibility, particularly its ability to maintain adequate property tax levy to support district debt service, will be key to maintaining the district's 'A-' rating. The bonds are secured ..

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