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Fitch Affirms Glenwood Springs, Colorado Limited GOs at 'A+'; Outlook Remains Stable
(PR-inside.com) - In the course of routine surveillance, Fitch Ratings affirms its 'A+' rating on Glenwood Springs, CO's $2.8 million in outstanding limited general obligation (GO) bonds, series 2001. The Rating Outlook is Stable. The 'A+' rating reflects the city's strong financial position, reflected in conservative budgeting and growing reserves. The city has experienced solid economic growth over the last few years driven largely by its central location for year-round tourism activity and an expanding natural gas industry. While the city remains dependent upon sales tax revenues, which have started to show declines, overall financial flexibility is high. An elevated ..
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