S&P Global Ratings assigned its 'AAA' long-term rating to the City of Seattle's expected $45.8 million series 2024 limited-tax general obligation (GO) improvement and refunding bonds and $11.9 million series 2024 unlimited-tax GO refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the city's previously issued limited-tax and unlimited-tax GO bonds. The outlook is stable. The city's limited-tax GO bonds, including the series 2024, are subject to statutory limitations that include a limit on annual property tax revenue growth without a voter override and a limit on the city's levy rate of $3.60 per $1,000 of assessed value (AV). The city's 2024 levy rate is $2.37. The city's full faith and credit, including the
