S&P Global Ratings affirmed its 'A+' long-term rating on Tacoma, Wash.'s existing sales tax and parking revenue refunding bonds using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" criteria. The outlook is stable. Overall, the rating reflects our opinion of the parking system's strong enterprise risk profile and very strong financial risk profile. The enterprise risk profile reflects the system's diversity and moderately high usage rates that the supportive service area provides, offset somewhat by modest competition. The financial risk profile reflects the continuing strength of the system's financial performance due to a combined security pledge consisting of sales and use tax and net system revenues. We also considered the parking system's manageable debt burden and adequate liquidity. More specifically,
