King County, WA $313 Million GO And LTGO Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

King County, WA $313 Million GO And LTGO Bonds Assigned 'AAA' Rating

King County, WA $313 Million GO And LTGO Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
King County, WA $313 Million GO And LTGO Bonds Assigned 'AAA' Rating
Published Oct 27, 2023
3 pages (1306 words) — Published Oct 27, 2023
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Oct. 26, 2023--S&P Global Ratings assigned its 'AAA' long-term rating to  King County, Wash.'s anticipated: $94.91 million series 2023 unlimited tax general obligation (UTGO) bonds, $87.465 million 2023 series B limited tax GO (LTGO) and refunding bonds, and $131.095 million 2023 series C LTGO (taxable) social bonds. At the same time, S&P Global Ratings affirmed its: 'AAA' ratings on the county's outstanding GO debt, some of which have a current pledge from the county's sewer utility, and certain obligations of the King County Housing Authority (of which the county has provided a credit enhancement); 'AAA/A-1+' rating on the county's series 2019A and 2019B obligations, which include a standby bond purchase agreement with TD Bank N.A.;

  
Brief Excerpt:

...October 27, 2023 SAN FRANCISCO (S&P Global Ratings) Oct. 26, 2023--S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated: - $94.91 million series 2023 unlimited tax general obligation (UTGO) bonds, - $87.465 million 2023 series B limited tax GO (LTGO) and refunding bonds, and - $131.095 million 2023 series C LTGO (taxable) social bonds. At the same time, S&P Global Ratings affirmed its: - '###' ratings on the county's outstanding GO debt, some of which have a current pledge from the county's sewer utility, and certain obligations of the King County Housing Authority (of which the county has provided a credit enhancement); - '###/A-1+' rating on the county's series 2019A and 2019B obligations, which include a standby bond purchase agreement with TD Bank N.A.; and - 'A-1+' short-term rating on the county's commercial paper (CP) program bonds. The outlook, where applicable, is stable. "The ratings reflect our view of the county's very strong credit metrics,...

  
Report Type:

Ratings Action

Issuer
King County
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "King County, WA $313 Million GO And LTGO Bonds Assigned 'AAA' Rating" Oct 27, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/King-County-WA-313-Million-GO-And-LTGO-Bonds-Assigned-AAA-Rating-3077687>
  
APA:
S&P Global Ratings’ Credit Research. (). King County, WA $313 Million GO And LTGO Bonds Assigned 'AAA' Rating Oct 27, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/King-County-WA-313-Million-GO-And-LTGO-Bonds-Assigned-AAA-Rating-3077687>
  
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