Colorado

An alignment of Catholic Health Initiatives with Dignity Health to create one of the nation’s largest nonprofit health-care providers would be a positive credit factor for the two organizations, according to Moody’s Investors Service.

The Regional Transportation District that serves metro Denver will continue to grow its rail and bus system with $197 million of revenue bonds.

Catholic Health Initiatives and Dignity Health are in negotiations that could result in creation of the nation’s largest nonprofit hospital chain or another form of “alignment.”

Boosted by a rating upgrade, the Denver Convention Center Hotel Authority is refunding its outstanding debt as the Mile High City launches a $778 million program to attract more visitors.

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.

The top-rated Denver Board of Water Commissioners will price $100 million of revenue bonds for new projects and $70 million of refunding in a competitive sale.

Despite what they say is low unemployment in their states, four governors who spoke on a panel at the Milken Institute Global conference said job creation is their main priority.

A broad ruling by the Colorado Court of Appeals in a case of a developer’s egregious fraud has sent lawyers to the state’s General Assembly for legislation to protect existing special districts that issue tax-exempt bonds.

Citing “persistent and large operating losses,” Standard & Poor’s downgraded Catholic Health Initiatives one notch to A-minus and retained a negative outlook.

Colorado Gov. John Hickenlooper’s signature on recently passed legislation will clear a path for the University of Colorado’s $168 million issue of new money and refunding bonds.

The Internal Revenue Service is auditing $73.6 million of excise tax revenue refunding bonds issued by the city and county of Denver in 2009.