...SAN FRANCISCO (Standard & Poor's) Jan. 26, 2016--Standard & Poor's Ratings Services assigned its '##+' long-term rating to King County, Wash.'s $264.4 million 2016 series A sewer refunding revenue bonds, issued for the county's sewer system. At the same time, Standard & Poor's affirmed its: + '##+' long-term rating and underlying rating (SPUR) on the county's existing parity bonds; + '##' SPUR on the county's existing junior-lien bonds; + '###/A-1' rating on the county's series 2001AB, series 2011, and series 2012 variable-rate bonds; and + '###/A-1+' rating on the county's series 2010AB multi-modal bonds, reflecting the application of our joint support criteria. The outlook, where applicable, is stable. "The ratings reflect our view of the county's consistent financial performance, strong management team, and role as the major wholesale wastewater treatment provider in the region," said Standard & Poor's credit analyst Chloe Weil. "However, the county has a substantial capital plan, which...
