S&P Global Ratings assigned its 'AA' long-term rating to Tacoma, Wash.'s anticipated $96.7 million series 2024A electric system revenue bonds (green bonds) and $52.0 million series 2024B electric system revenue refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA' rating on Tacoma's electric system revenue bonds outstanding. The outlook is stable. The 2024A bonds will refinance the electric system subordinate revenue note series 2021, issued to evidence a $150 million revolving line of credit from Wells Fargo, that is routinely used for interim financing of various system improvements. The 2024B bonds will current-refund all or a portion of the series 2013 bonds outstanding for debt service savings, subject to market conditions. We view the bond provisions as
