Summary: King & Snohomish Counties School District No. 417 (Northshore), Washington; General Obligation; School State Program Mar 12
- Language: English
- Published: March 2012
- Region: Washington
Standard & Poor's Ratings Services assigned its 'AA+' enhanced rating and 'AA' school issuer credit rating (ICR) to King County School District No. 411 (Issaquah), Wash.'s series 2010A unlimited-tax general obligation (GO) bonds (direct-payment Build America Bonds, or BABs) and 2010B unlimited-tax GO bonds (tax-exempt). Additionally, Standard & Poor's affirmed its 'AA+' ratings that reflect credit enhancement provided by the State of Washington ('AA+/Stable' GO rating) and 'AA' ratings on outstanding debt attributable to the district's credit profile. The ratings are based on our view of the district's: Wealthy, primarily residential taxpayer base in the Seattle region; Largely stable enrollment, which is the main driver of operating revenues under the state funding system; Good historical unreserved general fund balances; and...
Companies mentioned in this report are:
- King Cnty Sch Dist #411 Issaquah
Action: New Rating
Action: Outlook: Stable
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