SAN FRANCISCO (Standard&Poor's) March 18, 2008-- Standard&Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'AA+' from 'AA' on Seattle, Wash.'s outstanding drainage and wastewater revenue bonds. At the same time, Standard&Poor's assigned its 'AA+' rating to the city's $98.985 million series 2008 drainage and wastewater revenue and refunding bonds. The outlook is stable. "The raised rating reflects the continued strength of management's practices, including the recent enhancement and implementation of already progressive financial and operational policies originally adopted in 2004, which we believe have positioned the utility to maintain an excellent credit position in the future," said Standard&Poor's credit analyst Gabriel Petek. "In addition, the city has demonstrated its
