(PR-inside.com) Fitch Ratings assigns its 'BBB+' rating to the following Park Creek Metropolitan District (PCMD or the district), Colorado bonds.--$47.595 million senior limited property tax supported revenue refunding bonds, series 2011A.The bonds are scheduled to sell via negotiation the week of April 25, 2011.In addition, Fitch affirms the following rating.--$146 million outstanding parity senior limited property tax supported revenue bonds at 'BBB+'.The Rating Outlook is Stable.RATING RATIONALE.--Existing taxable resources provide adequate senior lien debt service coverage but development delays would result in coverage shortfalls for all-in coverage; --For this series of bonds, the additional bonds test has been strengthened; however, ..
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