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Fitch Rates Denver International Airport, Colorado's $105MM Bank Bonds 'A+'; Outlook Stable

NEW YORK, Nov 03, 2009 (BUSINESS WIRE) --

Fitch Ratings has assigned a bank bond rating of 'A+' to approximately $105 million City and County of Denver, Colorado (the city), series 2009C airport system revenue bonds for the Denver International Airport (DIA, or the airport). The series 2009C bonds are expected to be issued later this week as variable-rate demand obligations with a direct-pay letter of credit (LOC) provided by JP Morgan Chase Bank, National Association (currently rated 'AA-/F1+' by Fitch) supporting the bonds. Fitch also affirms the 'A+' rating on the city's approximately $4.1 billion in outstanding airport system revenue bonds. All airport system revenue bonds are payable from the net revenues of the airport system. The Rating Outlook on all bonds is Stable.

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