Bangkok--26 Jan--Standard & Poor's
Standard & Poor's Ratings Services said today that it corrected its underlying rating (SPUR) on Greeley, Colo.'s series 2006 water revenue bonds. The rating was raised to 'AA-' from 'A+.' The outlook is stable. Although the bonds are on parity with other obligations secured by the city's net water revenues, we inadvertently did not include them in a rating action on March 7, 2008, in which we raised our rating on the other obligations. For more information, see the article "Greeley, Colorado" on RatingsDirect.
Complete ratings information is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation bar, followed by Find a Rating.
Media Contact:
Edward Sweeney, New York (1) 212-438-6643, [email protected]
Analyst Contacts:
Le T Quach, San Francisco (1) 415- 371-5013
Lisa Schroeer, San Francisco (1) 415-371-5006
Key Contacts:
Americas Media Relations: (1) 212-438-6667
media_ [email protected]
Americas Customer Service: (1) 212-438-7280
[email protected]