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

Summary: King County, Washington; General Obligation

Summary: King County, Washington; General Obligation - S&P Global Ratings’ Credit Research
Summary: King County, Washington; General Obligation
Published Mar 20, 2025
8 pages (3611 words) — Published Mar 20, 2025
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 $94.7 million 2025 series A limited-tax general obligation (LTGO) bonds. The rating is based on the application of our criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The outlook is stable. The county's full faith and credit, including revenue from an ad valorem property tax subject to statutory limitations that include a maximum levy rate and a maximum annual property tax revenue increase, secures the 2025 series A LTGO bonds. Given the fungibility of King County's resources and because pledged revenue is not measurably narrower or subject to disproportionate risks relative to the county's overall revenue, we rate the county's LTGO debt on

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s anticipated $94.7 million 2025 series A limited-tax general obligation (LTGO) bonds. + The rating is based on the application of our criteria "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. + The outlook is stable....

  
Report Type:

Summary

Issuer
King County
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: King County, Washington; General Obligation" Mar 20, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-King-County-Washington-General-Obligation-3340971>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: King County, Washington; General Obligation Mar 20, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-King-County-Washington-General-Obligation-3340971>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.