Standard & Poor's, Fitch Ratings, and Moody's Investors Service all credit King County's financial leadership and economic strength and stability for reasons they gave the county a "AAA" rating. | Stock Photo
Standard & Poor's, Fitch Ratings, and Moody's Investors Service all credit King County's financial leadership and economic strength and stability for reasons they gave the county a "AAA" rating. | Stock Photo
Standard & Poor's, Fitch Ratings, and Moody's Investors Service all credit King County's financial leadership and economic strength and stability for reasons they gave the county a "AAA" rating.
It's the highest rating possible for general obligation bonds, and King County is the only county in the state of Washington to receive such high ratings from all three ratings agencies.
The high ratings should help King County ensure desirable terms for two bond sales. The sales are expected to raise about $53 million for technology and Metro capital projects. It would also generate $74 million to put towards retiring some bonds early to lessen the cost of future debt.
"There is no doubt that we face a faltering national economy, but as these bond agencies predict, King County will get through these tough times and continue to expand prosperity and opportunity for all residents," Dow Constantine, King County Executive, said in a release posted on the county's website.
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