King County, WA's Anticipated $94.7 Million 2025 Series A LTGO Bonds Assigned 'AAA' Rating; Outlook Is Stable

SAN FRANCISCO (S&P Global Ratings) March 20, 2025--S&P Global Ratings assigned its 'AAA' long-term rating to King County, Wash.'s anticipated $94.7 million 2025 series A limited-tax general obligation (LTGO) bonds. The rating is based on the application of our criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The outlook is stable. "Key credit factors supporting the rating include well-above average economic metrics with income levels well above the national average, maintenance of available reserves around 25% of revenues, positive trend of financial performance from 2019 through 2022 despite budgetary challenges stemming from rising operating costs, and robust management policies and practices reflecting active responses to effective budgetary adjustments," said S&P Global Ratings credit analyst Brian Phuvan.

...March 20, 2025 SAN FRANCISCO (S&P Global Ratings) March 20, 2025--S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated $94.7 million 2025 series A limited-tax general obligation (LTGO) bonds. The rating is based on the application of our criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The outlook is stable. "Key credit factors supporting the rating include well-above average economic metrics with income levels well above the national average, maintenance of available reserves around 25% of revenues, positive trend of financial performance from 2019 through 2022 despite budgetary challenges stemming from rising operating costs, and robust management policies and practices reflecting active responses to effective budgetary adjustments," said S&P Global Ratings credit analyst Brian Phuvan. The stable outlook reflects our expectation that the county will be able to sufficiently and actively adjust future budgets...

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