S&P Global Ratings assigned its 'AA/A-1' dual rating to King County, Wash.'s anticipated $200 million 2025 series junior-lien sewer revenue bonds, issued for the county's wastewater treatment division (WTD). S&P Global Ratings also affirmed its 'AA+' long-term rating on the county's existing parity lien sewer revenue bonds, and its 'AA' long-term rating and underlying rating (SPUR) on the county's existing junior-lien sewer revenue bonds. The outlook, where applicable, is stable. Proceeds from the sale of the bonds will be used to provide financing for various capital projects of the county's WTD. The 2025 bonds will be variable-rate demand obligations backed by a standby bond purchase agreement (SBPA) from US Bank N. A. These bonds will bring the county's WTD variable-rate
