Summary: King County, Washington; Appropriations; General Obligation; General Obligation Equivalent Security Mar 12
- Language: English
- Published: March 2012
- Region: Washington
Standard & Poor's Ratings Services assigned its 'AAA' rating to King County, Wash.'s $18 million series 2007C and $30.8 million series 2007D limited-tax GO (LTGO) bonds. In addition, Standard & Poor's assigned its 'SP-1+' short-term rating to the county's $41.5 million in LTGO bond anticipation notes. Standard & Poor's also affirmed its 'AAA' rating on King County, Wash.'s approximately $1.8 billion in previously issued GO and LTGO bonds. The 'AAA' rating reflects the county's exceptional financial management through the spectrum of economic climates. Being confronted with revenue-raising constraints, the county engages in sophisticated and conservative revenue planning that results in very accurate actual-to-budgeted performance. On the expense side, the county has effectively controlled cost growth rates and continues to actively...
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.
Research Type: Full Analysis
- King Cnty