S&P Global Ratings assigned its 'AA' long term rating to the King County Housing Authority (KCHA), Washington's $77.8 million affordable housing revenue bonds, series 2026A1, 2026A2, and 2026B. At the same time, we affirmed our 'AA' issuer credit rating (ICR) on the authority and our long-term rating on the authority's previously issued general revenue debt. The outlook is stable. ENGLEWOOD (S&P Global Ratings) June 23, 2026—S&P Global Ratings today took the rating actions listed above. We have analyzed KCHA's environmental, social, and governance factors relative to its market position, management and governance, financial performance, and debt and liquidity profile, and have determined that all are neutral considerations in our credit analysis. The stable outlook reflects S&P Global Ratings' opinion of