Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Seattle, Wash.'s series 2014 limited-tax general obligation (GO) and refunding bonds and 2014 unlimited-tax GO improvement bonds. Standard&Poor's also assigned its 'AAA' long-term rating to the Museum Development Authority of Seattle's series 2014 special obligation refunding bonds, which we consider to be a GO-equivalent obligation of the city. Finally, Standard&Poor's affirmed its 'AAA' long-term rating on the city's previously issued GO bonds and GO-equivalent obligations. The outlook is stable. The city's full faith and credit, including the obligation to levy ad valorem property taxes without limitation as to rate or amount, secure the city's unlimited-tax GO bonds. The city's limited-tax GO bonds are subject to
