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
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