S&P Global Ratings assigned its ?A+? long-term rating to the Housing Authority of Snohomish County (HASCO, or Authority), Wash.'s $77.7 million series 2026 general revenue bonds issued for Allegro Apartments Project. At the same time, S&P Global Ratings affirmed its ?A+? issuer credit rating (ICR) on HASCO and its ?A+? long-term rating on HASCO?s general obligation (GO) debt, including the series 2019 refunding revenue bonds and series 2023 revenue bonds. The outlook is positive. An ICR reflects our view of an obligor's general creditworthiness, focusing on its capacity and willingness to meet financial commitments when they come due. It does not apply to any specific financial obligation because it does not consider the obligation's nature and provision, standing in bankruptcy
