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Summary: King County Fire Protection District No. 44 (Mountain View Fire and Rescue), Washington; General Obligation Feb 13 Product Image

Summary: King County Fire Protection District No. 44 (Mountain View Fire and Rescue), Washington; General Obligation Feb 13

  • ID: 2403590
  • February 2013
  • Region: Washington
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA' long-term rating on King County Fire Protection District No. 44 (Mountain View Fire and Rescue), Wash.'s series 2008 and 2009 unlimited-tax general obligation (GO) bonds. The outlook is stable. The rating reflects our view of the district's: Upscale exurban Seattle taxing area; Record of maintaining very strong available reserves; Long-standing unofficial policy to maintain a five-month liquidity cushion; and Low debt burden on a market value basis, with low carrying charges. Partially offsetting these strengths, in our view, are the district's: State limitations on property tax growth without a voter override and a projected decline in total assessed value (AV), which we understand is likely to put pressure on operating revenue in...

Companies mentioned in this report are:
- Mountain View Fire and Rescue (fka King Cnty Fire Prot Dist No. 44)

Action: Affirmed
Action: Outlook: Stable

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- Mountain View Fire and Rescue (fka King Cnty Fire Prot Dist No. 44)

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