Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to King County, Wash.'s 2015 $93.06 million of series B sewer revenue refunding bonds, issued for the sewer system. At the same time, Standard&Poor's raised its rating to 'AA' from 'AA-' on the county's existing junior-lien bonds. In addition, Standard&Poor's affirmed its: 'AA+' rating on the county's $2.46 billion of parity bonds; and 'A-1+' short-term rating on the county's existing commercial paper (CP), which is secured by a lien subordinate to the county sewer system's junior-lien obligations. The outlook, where applicable, is stable. The raised rating on the junior-lien is based on our application of the criteria "Assigning Issue Credit Ratings Of Operating Entities," published on
