Fitch Affirms Denver Urban Renewal Authority, CO’s Sr. Tax Increment Bonds at ‘A-‘; Outlook Stable

“Fitch Ratings affirms the ‘A-‘ rating on the following Denver Urban Renewal Authority (DURA), Colorado’s bonds:

–$150 million Stapleton senior tax increment revenue bonds, series 2013A-1.

The Rating Outlook is Stable.

SECURITY

The bonds are obligations of DURA and are payable from a senior pledge on incremental property and sales tax revenues collected only within the Stapleton redevelopment tax increment area (Stapleton).”

read the entire article

Business Wire 16 March 2015.