As part of ongoing surveillance, Fitch Ratings has upgraded its rating to 'AA-' from 'A+' on $14.6 million of sales and use tax revenue bonds, series 2006 (the bonds) issued by the Town of Parker, Colorado (the town). The Rating Outlook is Stable. The bonds are payable from the levy of a 2.5% sales and use tax. Sales tax revenue comprises approximately 95% of the pledged revenue stream; use taxes are collected on construction-related activity only as the town does not have a general use tax. The upgrade reflects the robust coverage of maximum annual debt service (MADS) from pledged revenues and
More...
More...