Summary: King County Housing Authority, Washington King County; General Obligation; General Obligation Equivalent Security

S&P Global Ratings assigned its 'AAA' long-term rating to the King County Housing Authority, Wash.'s $76 million series 2019 pooled housing refunding revenue bonds, which also is an obligation of King County under a credit enhancement agreement and contingent loan agreement between the county and the authority. At the same time, S&P Global Ratings affirmed the following ratings: 'AAA' long-term rating and underlying rating (SPUR) on the county's existing general obligation (GO) bonds; 'AAA' long-term rating on certain county GO bonds that are also backed by a second lien on wastewater revenue; 'AAA/A-1+' dual rating on the county's multimodal limited-tax general obligation (GO) refunding bonds (also payable from wastewater revenue); 'AAA' long-term rating on the King County Housing Authority's existing

...S&P Global Ratings assigned its '###' long-term rating to the King County Housing Authority, Wash.'s $76 million series 2019 pooled housing refunding revenue bonds, which also is an obligation of King County under a credit enhancement agreement and contingent loan agreement between the county and the authority. At the same time, S&P Global Ratings affirmed the following ratings: + '###' long-term rating and underlying rating (SPUR) on the county's existing general obligation (GO) bonds; + '###' long-term rating on certain county GO bonds that are also backed by a second lien on wastewater revenue; + '###/A-1+' dual rating on the county's multimodal limited-tax general obligation (GO) refunding bonds (also payable from wastewater revenue); + '###' long-term rating on the King County Housing Authority's existing bonds, which also are backed by contingent loan agreements and a credit enhancement agreement; and + '###' long-term rating on certain county lease revenue bonds. The outlook is stable....

Summary