Summary: King Cnty, WA; General Obligation, Local GO May 99
- ID: 2033588
- 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
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