King County, WA Series 2024A Limited-Tax GO And Refunding Bonds Rated ?AAA?; Outlook Stable - S&P Global Ratings’ Credit Research

King County, WA Series 2024A Limited-Tax GO And Refunding Bonds Rated ?AAA?; Outlook Stable

King County, WA Series 2024A Limited-Tax GO And Refunding Bonds Rated ?AAA?; Outlook Stable - S&P Global Ratings’ Credit Research
King County, WA Series 2024A Limited-Tax GO And Refunding Bonds Rated ?AAA?; Outlook Stable
Published Mar 21, 2024
3 pages (1484 words) — Published Mar 21, 2024
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Abstract:

SAN FRANCISCO (S&P Global Ratings) March 21, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to King County, Wash.'s anticipated $94.4 million series 2024A limited-tax GO (LTGO) and refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' ratings on the county's LTGO and unlimited-tax GO (UTGO) debt outstanding, 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). We also affirmed our 'AAA/A-1+' dual rating on the county's series 2019A and 2019B obligations, which include a standby bond purchase agreement with TD Bank N.A. Finally, we affirmed our 'A-1+' short-term rating on the county's commercial paper (CP)

  
Brief Excerpt:

...March 21, 2024 SAN FRANCISCO (S&P Global Ratings) March 21, 2024--S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated $94.4 million series 2024A limited-tax GO (LTGO) and refunding bonds. At the same time, S&P Global Ratings affirmed its '###' ratings on the county's LTGO and unlimited-tax GO (UTGO) debt outstanding, 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). We also affirmed our '###/A-1+' dual rating on the county's series 2019A and 2019B obligations, which include a standby bond purchase agreement with TD Bank N.A. Finally, we affirmed our 'A-1+' short-term rating on the county's commercial paper (CP) program bonds. The outlook, where applicable, is stable. The series 2024A and outstanding LTGO bonds are a full faith and credit obligation of the county, including ad valorem property taxes subject to statutory...

  
Report Type:

Ratings Action

Issuer
King County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "King County, WA Series 2024A Limited-Tax GO And Refunding Bonds Rated ?AAA?; Outlook Stable" Mar 21, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/King-County-WA-Series-2024A-Limited-Tax-GO-And-Refunding-Bonds-Rated-AAA-Outlook-Stable-3142085>
  
APA:
S&P Global Ratings’ Credit Research. (). King County, WA Series 2024A Limited-Tax GO And Refunding Bonds Rated ?AAA?; Outlook Stable Mar 21, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/King-County-WA-Series-2024A-Limited-Tax-GO-And-Refunding-Bonds-Rated-AAA-Outlook-Stable-3142085>
  
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