...March 11, 2022 SAN FRANCISCO (S&P Global Ratings) March 11, 2022--S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s expected $97.4 million series 2022A limited-tax general obligation (GO) and refunding 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), its '###/A-1+' rating on the county's series 2019A and B obligations that include a standby bond purchase agreement with TD Bank N.A., and its 'A-1+' short-term rating on the county's commercial paper program. The outlook, where applicable, is stable. Proceeds of the series 2022A will fund land acquisitions and improvements to solid waste infrastructure. "The ratings reflect our assessment of such factors as the county's very strong economy...
