Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Tacoma, Wash.'s $18.9 million series 2015A (green bonds), $24.9 million series 2015B, and $20.4 million series 2015C (taxable) solid waste revenue bonds. At the same time, Standard&Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on the city's previously issued solid waste utility debt. The outlook is stable. The rating reflects our view of the solid waste system's: Exclusive right to provide solid waste collections within the city; Strong economic base with diversity in both the employment and customer bases, and good income levels; Maintenance of strong liquidity and generally good debt service coverage (DSC) in most years; and Moderate five-year capital plan that does not
