Standard&Poor's Ratings Services affirmed its 'AAA' rating on the Seattle Indian Services Commission (SISC), Wash.'s outstanding bonds, based on the City of Seattle's unconditional obligation with respect to the bonds. Pursuant to the cooperation agreement between the city and the SISC, if the total funds in the SISC debt service account and the reserve account fall below the debt service requirement for the bonds at the beginning of each month before a debt service payment date, the city is obligated to make the necessary payments on behalf of the commission and restore the debt service account to the necessary level before the next debt service payment date. In addition, the city will restore the debt service reserve account
