Summary: King County, Washington; Appropriations; General Obligation; General Obligation Equivalent Security Oct 12
- Language: English
- Published: October 2012
- Region: Washington
Standard & Poor's Ratings Services affirmed its 'AAA' rating on King County, Wash.'s approximately $1.91 billion outstanding GO bonds. The 'AAA' rating reflects the county's exceptional financial management through the spectrum of economic climates. Being confronted with revenue growth 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 pursue expense reductions in stubborn cost areas such as employee health care. At this time, the county has balanced its budget while continuing to address out-year projections of budget stress. It is also incrementally increasing its reserve levels in recognition of the need for financial cushion in an...
Companies mentioned in this report are:
- King Cnty
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- King Cnty