- Language: English
- Published: December 2012
- Region: Jordan
Summary: King Cnty, WA; General Obligation, Local GO May 99
- Published: May 1999
- Standard & Poors
The rating on King County, Wash.'s limited-tax GO and refunding bonds reflects: A broad and deep economic base; A large and growing tax base and strong income measures; Sound financial operations and position; and Moderate, but manageable, debt. King County, with a population of 1.67 million, is Washington's most populous county. One-third of county residents live in Seattle, Wash., the Pacific Northwest's economic center. The county's economy continues to expand and diversify. Increases in retail sales averaged 6.6% annually over the past five years, and per capita retail sales are 120% of state and national averages. Unemployment, 2.9% as of June 1998, remains below state and national rates as the Seattle metropolitan area continues to experience strong employment growth and...
Companies mentioned in this report are:
- King Cnty
Action: New Rating
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 users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- King Cnty