S&P Global Ratings assigned its 'AA+' long-term rating to King County , Washington's anticipated approximately $300 million 2026 series A sewer revenue and refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on the county's previously issued parity-lien sewer revenue bonds and its 'AA' long-term rating on the county's previously issued junior-lien sewer revenue bonds, including its 'AA/A-1' dual rating on the county's previously issued junior-lien sewer revenue bonds. All bonds were issued for the county's wastewater treatment division (WTD). The outlook, where applicable, is stable. ENGLEWOOD (S&P Global Ratings) May 14, 2026--S&P Global Ratings today took the rating actions listed above. Direct environmental risks, which we view as substantial, influence our credit analysis given