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 Nov 01, 2024
12 pages (5055 words) — Published Nov 01, 2024
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 $103.9 million 2024 unlimited-tax GO (UTGO), $60.3 million 2024 series B limited-tax GO (LTGO) and refunding bonds, and $100.0 million 2024 series A LTGO refunding bonds (payable from sewer revenues) based on the application of its criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating and underlying rating (SPUR) rating on the county's UTGO and LTGO 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); its 'AAA' long-term rating

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated $103.9 million 2024 unlimited-tax GO (UTGO), $60.3 million 2024 series B limited-tax GO (LTGO) and refunding bonds, and $100.0 million 2024 series A LTGO refunding bonds (payable from sewer revenues) based on the application of its criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. + At the same time, S&P Global Ratings affirmed its '###' long-term rating and underlying rating (SPUR) rating on the county's UTGO and LTGO 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); its '###' long-term rating on certain county lease revenue bonds outstanding; its '###/A-1' dual rating on the county's series 2019A and 2019B multimodal LTGO refunding bonds, which include a standby bond purchase agreement with TD Bank...

  
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" Nov 01, 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-3278715>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: King County, Washington; CP; General Obligation; General Obligation Equivalent Security Nov 01, 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-3278715>
  
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