Bangkok--13 Feb--Standard & Poor's
Standard & Poor's Ratings Services said today that it corrected its long-term rating and underlying rating (SPUR) on Seattle Wash.'s drainage and wastewater revenue bonds series 2001. The rating was raised to 'AA+' from 'AA'. The outlook is stable. Although the bonds are on parity with other obligations secured by Seattle's net drainage and wastewater revenues, we inadvertently did not include them in a rating action on March 18, 2008, in which we raised our rating on Seattle's other obligations. For more information, see the article published March 18, 2008, on RatingsDirect.
Complete ratings information is available to RatingsDirect subscribers at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation bar, followed by Find a Rating.
Media Contact:
Edward Sweeney, New York (1) 212-438-6634, [email protected]
Analyst Contacts:
Ian Carroll, San Francisco (1) 415-371-5060
Misty Newland, San Francisco (1) 415-371-5073
Key Contacts:
Americas Media Relations: (1) 212-438-6667
media_ [email protected]
Americas Customer Service: (1) 212-438-7280
[email protected]