Summary: King County School District No. 411 (Issaquah), Washington; General Obligation; School State Program Jun 08
- ID: 2082952
- June 2008
- Region: Washington
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' enhanced rating and 'AA' school district issuer credit rating (ICR) to King County School District No. 411 Issaquah, Wash.'s 2008 unlimited tax GO bonds. Additionally, Standard & Poor's affirmed its 'AA' underlying rating (SPUR) on the district's outstanding GO debt. The 'AA+' rating reflects the school district's eligibility and participation in the Washington School Bond Guarantee Program. The 'AA' school district ICR reflects a full faith and credit obligation secured by an unlimited ad valorem property tax pledge. The district's underlying credit strengths include: An affluent and growing taxpayer base with access to very strong jobs centers in Seattle and Bellevue; Stable enrollments; Adequate historical financial performance, with good unreserved general fund...
Companies mentioned in this report are:
- King Cnty Sch Dist No. 411 Issaquah
Action: New Rating
Action: Outlook: Stable
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