Colorado

State and local governments and showing a wide variety of impacts from the collapse of the oil market that began two years ago, ratings analysts say.

Matt Gray has joined the Public Finance Department of the Sherman & Howard law firm. He will be working in the company's Denver office.

Issuers in the Southwest sold $42.85 billion of bonds in the first half of 2016, only 0.6% behind the record pace of the same period last year, according to Thomson Reuters data.

In the largest deal from Colorado this year, the Denver suburb of Aurora saved 12.9% on a $437 million refunding, official said.

Denver International Airport is negotiating with an international P3 group for renovation of its passenger terminal.

An Internal Revenue Service audit of $73.6 million of Series A excise revenue refunding bonds issued by the city and county of Denver in 2009 has been closed with no change to the bonds’ tax-exempt status.

Colorado state lawmakers have passed legislation designed to validate previous elections of special districts and protect them from legal challenges to their “qualified electors” who vote to create the districts and authorize issuances of tax-exempt bonds.

A Colorado lawmaker’s proposal for a $3.5 billion state road bond referendum fails in the final hours of 2016 session.

Catholic Health Initiatives, the nation’s second-largest nonprofit healthcare system, was downgraded by Moody’s Investors Service, affecting $7.3 billion of rated debt.

Colorado Senate has approved a $3.5 billion road note package that could go to voters in November.