Fitch Rates City and County of Denver, CO GO CP Notes 'F1+'

NEW YORK--(Business Wire)--
Fitch assigns a rating of 'F1+' to the not to exceed $150,000,000
City and County of Denver, Colorado general obligation commercial
paper notes consisting of series A (Tax-Exempt) and series B
(Taxable)(the notes). The rating on the notes is based on the support
of a direct-pay letter of credit (LOC) provided by Wachovia Bank,
National Association. The LOC initially provides coverage for a
maximum amount of $130,800,000: $120,000,000 in principal and an
interest component of $10,800,000.

Wells Fargo Bank, National Association, as Issuing and Paying
Agent (IPA) will draw on the LOC at the times and in amounts that are
sufficient to provide for the timely payment of the principal and
interest on maturing Notes. The series A notes will be issued at par,
with interest due at maturity. The series B notes may be issued at par
or at a discount. The IPA is instructed not to issue any notes that
together with notes then outstanding, will exceed the amount available
under the LOC to pay the principal and interest or face amount on the
notes at maturity. The rating on the Notes expires on the earlier of
May 27, 2011, the LOC termination date, unless such date is extended
or any prior termination of the LOC. Wachovia Bank, National
Association is the dealer for the notes.

The proceeds of the notes will be used to finance the cost of (i)
health and human services system facilities; (ii) library system
facilities; (iii) streets, transportation and public works system
facilities; (iv) park system facilities; (v) deferred maintenance for
public office facilities; (vi) deferred maintenance for cultural
facilities; (vii) construction of cultural system facilities and
(viii) public safety system facilities.

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, New York
Linda Friedman, +1-212-908-0727
Cindy Stoller, +1-212-908-0526 (Media Relations)

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