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Seattle, WA's Water Revenue Bond Rating Corrected

Published Feb 20, 2009

About This Report

Abstract:

SAN FRANCISCO (Standard&Poor's) Feb. 20, 2009-- Standard&Poor's Ratings Services raised its long-term rating to 'AA+' from 'AA' on Seattle, Wash.'s outstanding water revenue bonds. The outlook is stable. The bonds are insured by MBIA. We inadvertently did not raise the bonds' long-term rating in a rating action on Nov. 6, 2008, when we raised the underlying rating (SPUR) to 'AA+' from 'AA'. Based on our criteria, the standard long-term rating of the bonds should be the higher of the rating of the insurer or the SPUR. For more information, see the article published Nov. 6, 2008 on RatingsDirect.

Report Type:

Ratings Action

Issuer

Seattle

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Seattle, Washington; General Obligation – 2009/03/04 – US$ 225.00

Summary: Seattle, Washington; Water/Sewer – 2009/11/26 – US$ 225.00

Summary: Seattle Museum Development Authority Seattle, Washington; General Obligation – 2009/12/09 – US$ 225.00

Summary: Seattle Indian Services Commission Seattle, Washington; General Obligation Equivalent Security; Miscellaneous Tax – 2009/12/09 – US$ 225.00

Summary: Seattle, Washington; Water/Sewer – 2009/12/16 – US$ 225.00

Seattle, WA's Drainage And Wastwater Bond Rating, SPUR Corrected – 2009/02/12 – US$ 150.00

Seattle, WA, Ratings On Power System Bonds Raised To 'AA-' On Improved Debt Service Coverage – 2008/11/25 – US$ 150.00

Seattle, Washington; Joint Criteria; Retail Electric – 2008/11/25 – US$ 500.00

Summary: Seattle, Washington; Joint Criteria; Retail Electric – 2008/11/25 – US$ 225.00

Seattle, Washington; Water/Sewer – 2008/11/06 – US$ 500.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Seattle, WA's Water Revenue Bond Rating Corrected" Feb 20, 2009. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Seattle-WA-s-Water-Revenue-Bond-Rating-Corrected-704061>

APA:	S&P Global Ratings’ Credit Research. (). Seattle, WA's Water Revenue Bond Rating Corrected Feb 20, 2009. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Seattle-WA-s-Water-Revenue-Bond-Rating-Corrected-704061>

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