Summary: Seattle, Washington; General Obligation; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research

Summary: Seattle, Washington; General Obligation; General Obligation Equivalent Security

Summary: Seattle, Washington; General Obligation; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research
Summary: Seattle, Washington; General Obligation; General Obligation Equivalent Security
Published May 23, 2023
6 pages (2419 words) — Published May 23, 2023
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to Seattle, Wash.'s anticipated $93.94 million series 2023A limited-tax general obligation (GO) improvement and refunding bonds and the anticipated $35.455 million series 2023 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 unlimited-tax and limited-tax GO bonds. 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, secures the city's unlimited-tax GO bonds. The city's limited-tax GO bonds, including the series 2023A, are subject to statutory limitations that include a limit on annual property tax revenue growth without a voter override and a limit

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###' long-term rating to Seattle, Wash.'s anticipated $93.94 million series 2023A limited-tax general obligation (GO) improvement and refunding bonds and the anticipated $35.455 million series 2023 unlimited-tax GO refunding bonds. + At the same time, S&P Global Ratings affirmed its '###' long-term rating on the city's previously issued unlimited-tax and limited-tax GO bonds. + The outlook is stable....

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Seattle, Washington; General Obligation; General Obligation Equivalent Security" May 23, 2023. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Seattle-Washington-General-Obligation-General-Obligation-Equivalent-Security-2990589>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Seattle, Washington; General Obligation; General Obligation Equivalent Security May 23, 2023. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Seattle-Washington-General-Obligation-General-Obligation-Equivalent-Security-2990589>
  
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