(PR-inside.com) Fitch Ratings assigns its 'BBB' rating to Park Creek Metropolitan District (PCMD), Colorado's $86 million senior limited property tax supported revenue refunding and improvement bonds, series 2009, scheduled to sell via negotiation the week of April 6, 2009. In addition, Fitch assigns its 'BBB' rating to PCMD's outstanding $63 million senior limited property tax supported revenue bonds, series 2005. The Rating Outlook is Stable.The bonds are special, limited obligations of PCMD and are secured by a senior lien on property tax payments from the adjacent Westerly Creek Metropolitan District (WCMD), plus specific ownership taxes of up to $700,000 per year. ..
More...
More...