Fitch Affirms Aurora, Colorado's Water Revs at 'AA'; Outlook Stable

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    • Jan 2009
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    Fitch Affirms Aurora, Colorado's Water Revs at 'AA'; Outlook Stable

    Fitch Ratings takes the following rating action on Aurora, Colorado as part of its continuous surveillance effort.--$504.1 million first-lien water revenue bonds, affirmed at 'AA'; --$5.8 million CWRPDA drinking water revenue bonds affirmed at 'AA'; In addition Fitch takes the following rating action on Colorado Water Resources & Power Development Authority bonds for which Aurora is the obligor.--$100 million series 2005D bonds affirmed at 'AA'.The Rating Outlook is Stable.RATING RATIONALE.--Debt service coverage has declined in the last two years (although levels are still good) due to a decrease in connection fee revenues; projections indicate coverage will remain at

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