...August 4, 2020 SAN FRANCISCO (S&P Global Ratings) Aug. 4, 2020--S&P Global Ratings assigned its '###' long-term rating to Seattle's $76.8 million series 2020A limited-tax general obligation (GO) improvement and refunding bonds and $11.4 million series 2020B taxable limited-tax GO improvement bonds. At the same time, S&P Global Ratings affirmed its '###' long-term rating on the city's previously issued unlimited-tax and limited-tax GO bonds. The outlook is stable. Proceeds of the series 2020A will pay for a variety of projects, the largest of which are streetway improvements to a stretch of the city's downtown waterfront and technology and telecommunication upgrades. Proceeds of the series 2020B will support the city's affordable rental housing program, which includes grants, loans, and other contributions to multiple projects within the city, and for a walkway that connects the city's Pike Place Market area to the waterfront. These issue ratings are based on our view that the city's general...
