Summary: King County School District No. 401 (Highline), Washington; School State Program Nov 11
- ID: 2026821
- November 2011
- Region: Washington
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' rating and its 'AA-' school district issuer credit rating (ICR) to King County School District No. 401 (Highline), Wash.'s series 2011 unlimited-tax general obligation (UTGO) refunding bonds. In addition, Standard & Poor's affirmed its 'AA-' ICR and its 'AA+' underlying rating (SPUR) on the district's debt outstanding. The 'AA+' rating is equal to the state's general obligation (GO) rating and reflects the district's eligibility for, and expected participation in, the state's Bond Guarantee Program. The school district ICR reflects the district's full faith, credit, and resources pledged as well as its obligation to levy ad valorem property taxes without limitation on the rate or amount. The 'AA-' school ICR reflects our view...
Companies mentioned in this report are:
- King Cnty Sch Dist No. 401 Highline
Action: New Rating
Action: Outlook: Stable
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