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 Mar 21, 2024
11 pages (4510 words) — Published Mar 21, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to King County, Wash.'s anticipated $94.4 million series 2024A limited-tax GO (LTGO) and refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' ratings on the county's LTGO and unlimited-tax GO (UTGO) debt outstanding, 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+' dual 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

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated $94.4 million series 2024A limited-tax GO (LTGO) and refunding bonds. + At the same time, S&P Global Ratings affirmed its '###' ratings on the county's LTGO and unlimited-tax GO (UTGO) debt outstanding, 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+' dual 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
Global Issuers, 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" Mar 21, 2024. 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-3142088>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security Mar 21, 2024. 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-3142088>
  
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