...April 15, 2021 SAN FRANCISCO (S&P Global Ratings) April 15, 2021--S&P Global Ratings assigned its '###' long-term rating to Seattle's expected $147.5 million series 2021A limited-tax general obligation (GO) improvement and refunding bonds and $21.5 million series 2021B 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 2021A will pay for a variety of capital projects, the largest of which are repairs to the bridge that connects the city's southwestern neighborhoods to its industrial district and the city as a whole, and to refund a portion of the city's limited-tax GO debt outstanding for interest expense savings estimated at about 17% of refunded principal on a net present value basis. Proceeds of the series 2021B will support capital improvements to city facilities with commercial aspects, including the aquarium...
