...SAN FRANCISCO (S&P Global Ratings) Aug. 24, 2016--S&P Global Ratings Services assigned its '##+' long-term rating to King County, Wash.'s $623 million 2016 series B sewer refunding revenue bonds, issued for the county's sewer system. At the same time, S&P Global affirmed its: + '##+' long-term rating and underlying rating on the county's existing parity bonds; + '##' rating on the county's existing junior-lien bonds; + The long-term component of our dual ratings on the county's series 2001AB variable rate bonds (###/A-1); and + The long-term component of our dual rating the county's series 2010AB long-term general obligation multi-modal bonds (###/A-1+). The outlook, where applicable, on all parity and junior-lien sewer system debt is stable. "The ratings reflect our view of the county's financial stability and debt service coverage consistency," said S&P Global Ratings credit analyst Chloe Weil. "The rating further reflects our view of the county sewer system's role as the sole regional...
