Seattle?s Series 2022 Municipal Light And Power Bonds Assigned 'AA' Rating

CENTENNIAL (S&P Global Ratings) June 13, 2022--S&P Global Ratings assigned its 'AA' rating to Seattle's $310.74 million municipal light and power improvement and refunding revenue bonds, series 2022. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating (SPUR) on Seattle's electric system revenue bonds outstanding. The utility does business as Seattle City Light (SCL). The outlook is stable. "The 'AA' rating reflects SCL's ability to produce stable coverage and liquidity through various hydrological and economic conditions, especially considering recent inflationary pressures," said S&P Global Ratings credit analyst Doug Snider. The stable outlook reflects S&P Global Ratings' expectation that SCL will maintain its current liquidity levels through rate-stabilization policies and continued conservative revenue forecasting. The

...June 13, 2022 CENTENNIAL (S&P Global Ratings) June 13, 2022--S&P Global Ratings assigned its '##' rating to Seattle's $310.74 million municipal light and power improvement and refunding revenue bonds, series 2022. At the same time, S&P Global Ratings affirmed its '##' long-term rating and underlying rating (SPUR) on Seattle's electric system revenue bonds outstanding. The utility does business as Seattle City Light (SCL). The outlook is stable. "The '##' rating reflects SCL's ability to produce stable coverage and liquidity through various hydrological and economic conditions, especially considering recent inflationary pressures," said S&P Global Ratings credit analyst Doug Snider. The stable outlook reflects S&P Global Ratings' expectation that SCL will maintain its current liquidity levels through rate-stabilization policies and continued conservative revenue forecasting. The outlook further reflects our view that average fixed charge coverage (FCC) will remain in line with historical...

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