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Summary: King Cnty, WA; General Obligation, Local GO Jan 00 Product Image

Summary: King Cnty, WA; General Obligation, Local GO Jan 00

  • ID: 2034230
  • January 2000
  • Standard & Poors

The rating on King County, Wash.'s bonds reflects: A broad and deep economic base, A large and growing tax base and strong income measures, Sound financial management, and Moderate, but manageable, debt. King County has a population of 1.67 million and is Washington's most populous county. One-third of county residents live in Seattle, 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% for 1998) remains below state and national rates, as the Seattle metropolitan area continues to experience strong employment growth. However, Boeing, the largest local employer, projects work-force reductions...

Companies mentioned in this report are:
- King Cnty

Action: Affirmed

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