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Summary: King County, Washington; Appropriations; General Obligation Apr 09 Product Image

Summary: King County, Washington; Appropriations; General Obligation Apr 09

  • Published: April 2009
  • Region: Washington
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating to King County, Wash.'s $40.66 million series 2009B limited-tax general obligation (GO) bonds. Standard & Poor's also affirmed its 'AAA' rating and underlying rating (SPUR) on the county's outstanding GO and limited-tax GO bonds, as well as its 'AA+' rating and SPUR on the county's series 2007 debt. The 'AAA' long-term rating and SPUR reflect the following credit strengths: The county's exceptional financial management through a spectrum of economic climates, including the current economic downturn regionally and nationally; An extremely deep and diverse economic base that, although presently in a period of contracted growth, possesses sufficient diversity to withstand both an industry and sector-specific flattening or even a more long-term or...

Companies mentioned in this report are:
- King Cnty

Action: Affirmed
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 READ MORE >

- King Cnty

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