King County, WA $123.6 Million Sewer Revenue Bonds Assigned 'AA+' Rating

SAN FRANCISCO (S&P Global Ratings) Oct. 24, 2018--S&P Global Ratings assigned its 'AA+' long-term to King County, Wash.'s, $123.6 million parity-lien sewer revenue bonds, series 2018. At the same time, S&P Global Ratings affirmed its: 'AA+' long-term rating and underlying rating (SPUR) on the county's $2.4 billion of existing parity-lien sewer revenue bonds, 'AA+' long-term component of our 'AA+/A-1' dual rating on the county's $100 million series 2001AB junior-lien variable-rate demand sewer revenue bonds. The outlook, where applicable, is stable. "The rating reflects our view of the sewer system's role as the sole regional provider of wastewater treatment services within the broad and diverse Seattle-Tacoma-Bellevue metropolitan statistical area," said S&P Global Ratings credit analyst Chloe Weil. Our view of the

...SAN FRANCISCO (S&P Global Ratings) Oct. 24, 2018--S&P Global Ratings assigned its '##+' long-term to King County, Wash.'s, $123.6 million parity-lien sewer revenue bonds, series 2018. At the same time, S&P Global Ratings affirmed its: + '##+' long-term rating and underlying rating (SPUR) on the county's $2.4 billion of existing parity-lien sewer revenue bonds, + '##+' long-term component of our '##+/A-1' dual rating on the county's $100 million series 2001AB junior-lien variable-rate demand sewer revenue bonds. The outlook, where applicable, is stable. "The rating reflects our view of the sewer system's role as the sole regional provider of wastewater treatment services within the broad and diverse Seattle-Tacoma-Bellevue metropolitan statistical area," said S&P Global Ratings credit analyst Chloe Weil. Our view of the sewer system's overall credit characteristics reflect: + The county council's demonstrated ability and willingness to incrementally and regularly increase sewer rates and...

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