DALLAS — Standard & Poor’s last week downgraded the Regional ­Transportation District of Colorado’s lease-revenue debt to A-minus from A-plus as it prepares to issue $310 million of certificates of participation.

A portion of the COPs, scheduled to price this week through negotiation with senior manager Morgan Stanley, are being issued as taxable Build America Bonds. First Southwest Co. is financial adviser.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.