Summary: King County School District No. 411 (Issaquah), Washington; General Obligation; School State Program Mar 10
- ID: 2082831
- March 2010
- Region: Washington
- Standard & Poors
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 No. 411 Issaquah
Action: New Rating
Action: Outlook: Stable
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 >