DALLAS (Standard&Poor's) May 27, 2015--Standard&Poor's Ratings Services has revised its outlook to stable from negative and affirmed its 'AA' long-term rating on Seattle's existing solid-waste revenue bonds. At the same time, Standard&Poor's assigned its 'AA' long-term rating to the city's series 2015 solid-waste improvement revenue bonds. "The outlook revision reflects current and projected financial results that indicate a continuance of strong coverage and adequate liquidity levels," said Standard&Poor's credit analyst James Breeding. Previously, the negative outlook reflected our view of the city's planned drawdown in liquidity of the solid-waste system to pay for capital projects. Fiscal 2014 results, coupled with revised projections, indicate that cash will remain closer to current levels. The
