Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research

Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security

Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research
Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security
Published Oct 27, 2023
11 pages (4478 words) — Published Oct 27, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to  King County, Wash.'s anticipated $94.91 million series 2023 unlimited tax general obligation (UTGO) bonds, $87.465 million 2023 series B limited tax GO (LTGO) and refunding bonds, and $131.095 million 2023 series C LTGO (taxable) social bonds. At the same time, S&P Global Ratings affirmed its 'AAA' ratings on the county's outstanding GO debt, some of which have a current pledge from the county's sewer utility, and certain obligations of the King County Housing Authority (of which the county has provided a credit enhancement). We also affirmed our 'AAA/A-1+' rating on the county's series 2019A and 2019B obligations, which include a standby bond purchase agreement with TD Bank N.A. Finally, we affirmed

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated $94.91 million series 2023 unlimited tax general obligation (UTGO) bonds, $87.465 million 2023 series B limited tax GO (LTGO) and refunding bonds, and $131.095 million 2023 series C LTGO (taxable) social bonds. + At the same time, S&P Global Ratings affirmed its '###' ratings on the county's outstanding GO debt, some of which have a current pledge from the county's sewer utility, and certain obligations of the King County Housing Authority (of which the county has provided a credit enhancement). + We also affirmed our '###/A-1+' rating on the county's series 2019A and 2019B obligations, which include a standby bond purchase agreement with TD Bank N.A. + Finally, we affirmed our 'A-1+' short-term rating on the county's commercial paper (CP) program bonds. + The outlook, where applicable, is stable....

  
Report Type:

Summary

Issuer
King County
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security" Oct 27, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-King-County-Washington-CP-General-Obligation-General-Obligation-Equivalent-Security-3077688>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security Oct 27, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-King-County-Washington-CP-General-Obligation-General-Obligation-Equivalent-Security-3077688>
  
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