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Summary: King Cnty, WA; General Obligation, Local GO May 99 Product Image

Summary: King Cnty, WA; General Obligation, Local GO May 99

  • ID: 2033588
  • May 1999
  • Standard & Poors

Abstract
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...

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- King Cnty

Action: New Rating

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- King Cnty

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