...May 25, 2021 SAN FRANCISCO (S&P Global Ratings) May 25, 2021--S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s $51 million series 2021A limited-tax general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its '###' long-term rating and underlying rating (SPUR) on the county's previously issued GO debt, some series of which have a concurrent pledge of the county's sewer utility or the King County Housing Authority (which we consider institutionally independent of the county), and its '###/A-1+' rating on the county's series 2019B obligations that include a standby bond purchase agreement with TD Bank N.A. The outlook is stable. Proceeds of the series 2021A will fund improvements to the county's solid waste enterprise facilities, open space land acquisitions, and a variety of other facility improvements. "The ratings further reflect our assessment of such factors as the county's very strong economy, management, budgetary flexibility, liquidity,...
