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

S&P Global Ratings assigned its 'AAA' long-term rating to King County, Wash.'s 2019A limited-tax general obligation (LTGO) refunding bonds, with a planned par amount of $43 million. At the same time, S&P Global Ratings affirmed its outstanding: 'AAA' long-term rating and underlying rating (SPUR) on King County's existing general obligation (GO) bonds; 'AAA' long-term rating on the King County Housing Authority's (KCHA) existing bonds, which are backed by a contingent loan agreement and credit enhancement agreement with the county; 'AAA' long-term rating on certain county GO bonds that are also backed by a second-lien pledge of sewer revenues; and 'AAA' long-term rating on certain county lease revenue bonds. The outlook on all ratings is stable. The series 2019A bonds, as

...S&P Global Ratings assigned its '###' long-term rating to King County, Wash.'s 2019A limited-tax general obligation (LTGO) refunding bonds, with a planned par amount of $43 million. At the same time, S&P Global Ratings affirmed its outstanding: + '###' long-term rating and underlying rating (SPUR) on King County's existing general obligation (GO) bonds; + '###' long-term rating on the King County Housing Authority's (KCHA) existing bonds, which are backed by a contingent loan agreement and credit enhancement agreement with the county; + '###' long-term rating on certain county GO bonds that are also backed by a second-lien pledge of sewer revenues; and + '###' long-term rating on certain county lease revenue bonds. The outlook on all ratings is stable....

Summary