In the course of routine surveillance, Fitch Ratings has affirmed its 'AA' rating on Adams County School District No. 50, Colorado's (the district) approximately $104.5 million general obligation (GO) bonds. The bonds are secured by an unlimited property tax levied on all taxable property within the district. The Rating Outlook is Stable.The 'AA' rating reflects the district's sound financial position, proactive management planning, healthy and diversified local economy, declining enrollment, and moderate direct debt burden with slow amortization. The district gained community support to embark on an aggressive facilities improvement plan in 2006 which has begun to produce operating savings
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