8 Colo. Code Regs. § 1508-2-1.10
Current through Register Vol. 48, No. 1, January 10, 2025
Section 8 CCR 1508-2-1.10 - Credit RatingsUnless otherwise justified, the State Treasurer will seek a rating on all new Financial Obligations which are being sold in the public market if determined to be necessary. The State Treasurer recognizes the importance of maintaining good relations and full transparency with credit rating agencies in order to increase the acceptance of the Financial Obligations in the financial markets, which impacts interest costs associated with the Financial Obligations. However, exceptions to this requirement are permissible, such as when privately placing a security with an accredited investor, if warranted by the circumstances.
A. The State will obtain an underlying rating on Financial Obligations that are credit enhanced, when beneficial to the State.B. The State will attempt to maintain a rating on those credits that have previously been rated by one or more of the rating agencies, when in the best interest of the State.C. As requested, the State Treasurer will provide financial information including the State's CAFR, budget and forecast data, or other requested information to agencies which provide credit ratings or credit facilities or liquidity facilities for the State's outstanding Financial Obligations.. Rules 1.11 emer. rule eff. 06/14/2013.. Rules 1.12 emer. rule eff. 06/14/2013.. Rules 1.4 emer. rule eff. 06/14/2013.Rule 1.11 eff. 09/14/2013.Rule 1.12 eff. 09/14/2013.Rules 1.4 eff. 09/14/2013.