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Summary: Kitsap County, Washington; General Obligation Oct 11 Product Image

Summary: Kitsap County, Washington; General Obligation Oct 11

  • Published: October 2011
  • Region: Washington
  • Standard & Poors

FEATURED COMPANIES

  • Kitsap Cnty
  • Kitsap Cnty Cons Hsg Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Kitsap County, Wash.'s series 2011 limited-tax general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA-' long-term and underlying rating (SPUR) on the county's existing GO debt, issued by both the county and the Kitsap County Consolidated Housing Authority. The outlook on all ratings is stable. The authority's bonds are secured by an agreement with Kitsap County, whereby the county agrees to loan funds to the authority, if necessary, to pay the debt service. As such, we rate the authority's bonds on parity with those of the county. In our opinion, credit strengths include the county's: Participation in the Seattle regional economy; Strong wealth...

Companies mentioned in this report are:
- Kitsap Cnty
- Kitsap Cnty Cons Hsg Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets READ MORE >

- Kitsap Cnty
- Kitsap Cnty Cons Hsg Auth

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