Summary: Tacoma, Washington; General Obligation

S&P Global Ratings assigned its 'AA' rating to the City of Tacoma, Wash.'s limited-tax general obligation (LTGO) bonds, series 2017. At the same time, S&P Global Ratings affirmed its 'AA' rating on Tacoma's previously issued general obligation (GO) bonds. The outlook is stable. Tacoma's full faith and credit pledge to levy taxes on property, subject to statutory limits on rates and growth, secures the LTGO bonds. The city's full faith and credit pledge and an unlimited ad valorem tax secure the unlimited-tax GO bonds. We understand that bond proceeds will be used to fund the costs of capital improvements and acquisitions of the city and the construction, improvement, rehabilitation and equipping of public infrastructure and public facilities of the city.

...S&P Global Ratings assigned its '##' rating to the City of Tacoma, Wash.'s limited-tax general obligation (LTGO) bonds, series 2017. At the same time, S&P Global Ratings affirmed its '##' rating on Tacoma's previously issued general obligation (GO) bonds. The outlook is stable. Tacoma's full faith and credit pledge to levy taxes on property, subject to statutory limits on rates and growth, secures the LTGO bonds. The city's full faith and credit pledge and an unlimited ad valorem tax secure the unlimited-tax GO bonds. We understand that bond proceeds will be used to fund the costs of capital improvements and acquisitions of the city and the construction, improvement, rehabilitation and equipping of public infrastructure and public facilities of the city. The rating reflects our assessment of the following factors for the city, specifically its:...

Summary