King County, WA's $264 Million 2024 General Obligation and Refunding Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

King County, WA's $264 Million 2024 General Obligation and Refunding Bonds Assigned 'AAA' Rating

King County, WA's $264 Million 2024 General Obligation and Refunding Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
King County, WA's $264 Million 2024 General Obligation and Refunding Bonds Assigned 'AAA' Rating
Published Nov 01, 2024
2 pages (1231 words) — Published Nov 01, 2024
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Nov. 1, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to King County, Wash.'s anticipated $103.9 million 2024 unlimited-tax GO (UTGO), $60.3 million 2024 series B limited-tax GO (LTGO) and refunding bonds, and $100.0 million 2024 series A LTGO refunding bonds (payable from sewer revenue) based on the application of its criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the county's UTGO and LTGO 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

  
Brief Excerpt:

...November 1, 2024 SAN FRANCISCO (S&P Global Ratings) Nov. 1, 2024--S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated $103.9 million 2024 unlimited-tax GO (UTGO), $60.3 million 2024 series B limited-tax GO (LTGO) and refunding bonds, and $100.0 million 2024 series A LTGO refunding bonds (payable from sewer revenue) based on the application of its criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. At the same time, S&P Global Ratings affirmed its '###' long-term rating and underlying rating (SPUR) on the county's UTGO and LTGO 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); its '###' long-term rating on certain county lease revenue bonds outstanding; its '###/A-1' dual rating on the county's series 2019A and 2019B multimodal LTGO refunding bonds, which...

  
Report Type:

Ratings Action

Issuer
King County
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "King County, WA's $264 Million 2024 General Obligation and Refunding Bonds Assigned 'AAA' Rating" Nov 01, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/King-County-WA-s-264-Million-2024-General-Obligation-and-Refunding-Bonds-Assigned-AAA-Rating-3278714>
  
APA:
S&P Global Ratings’ Credit Research. (). King County, WA's $264 Million 2024 General Obligation and Refunding Bonds Assigned 'AAA' Rating Nov 01, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/King-County-WA-s-264-Million-2024-General-Obligation-and-Refunding-Bonds-Assigned-AAA-Rating-3278714>
  
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