S&P Global Ratings assigned its 'AA+' long-term rating to the City of Lynnwood, Wash.'s proposed $28.2 million 2022 limited-tax general obligation (LTGO) bonds. At the same time, S&P Global Ratings affirmed its 'AA+' long-term and underlying ratings on Lynnwood's outstanding LTGO bonds and the 2015 convention center revenue refunding bonds (Lynnwood Public Facilities District), which are rated to the city's contingent full faith and credit GO-equivalent pledge. The outlook is stable. The LTGO bonds are full faith and credit obligations of the city, including a direct pledge of ad valorem property taxes subject to a maximum levy rate and a property tax revenue growth restriction. Based on the application of our criteria, "Issue Credit Ratings Linked To U.S. Public Finance
