King County Housing Authority, WA Series 2018 Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

King County Housing Authority, WA Series 2018 Revenue Bonds Assigned 'AAA' Rating

King County Housing Authority, WA Series 2018 Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
King County Housing Authority, WA Series 2018 Revenue Bonds Assigned 'AAA' Rating
Published Apr 10, 2018
3 pages (1189 words) — Published Apr 10, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) April 10, 2018--S&P Global Ratings assigned its 'AAA' long-term rating to King County Housing Authority (KCHA), Wash.'s 2018 revenue bonds backed by a credit enhancement agreement with King County, Wash. The outlook is stable. At the same time, S&P Global Ratings affirmed its outstanding: 'AAA' long-term rating on KCHA's existing bonds, which are backed by a contingent loan agreement with the county; 'AAA' long-term rating and underlying rating (SPUR) on King County's existing general obligation (GO) bonds; 'AAA' long-term rating on certain county GO bonds that are also backed by a first-lien pledge of sales tax revenues; 'AAA' long-term rating on certain county GO bonds that are also backed by a second-lien pledge of sewer

  
Brief Excerpt:

...SAN FRANCISCO (S&P Global Ratings) April 10, 2018--S&P Global Ratings assigned its '###' long-term rating to King County Housing Authority (KCHA), Wash.'s 2018 revenue bonds backed by a credit enhancement agreement with King County, Wash. The outlook is stable. At the same time, S&P Global Ratings affirmed its outstanding: + '###' long-term rating on KCHA's existing bonds, which are backed by a contingent loan agreement with the county; + '###' long-term rating and underlying rating (SPUR) on King County's existing general obligation (GO) bonds; + '###' long-term rating on certain county GO bonds that are also backed by a first-lien pledge of sales tax revenues; + '###' long-term rating on certain county GO bonds that are also backed by a second-lien pledge of sewer revenues; and + '###' long-term rating on certain county lease revenue bonds. "The ratings reflect our assessment of the county's very strong economy, very strong management, strong budgetary performance, and very strong budgetary...

  
Report Type:

Ratings Action

Issuer
King County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "King County Housing Authority, WA Series 2018 Revenue Bonds Assigned 'AAA' Rating" Apr 10, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/King-County-Housing-Authority-WA-Series-2018-Revenue-Bonds-Assigned-AAA-Rating-2018873>
  
APA:
S&P Global Ratings’ Credit Research. (). King County Housing Authority, WA Series 2018 Revenue Bonds Assigned 'AAA' Rating Apr 10, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/King-County-Housing-Authority-WA-Series-2018-Revenue-Bonds-Assigned-AAA-Rating-2018873>
  
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