Bangkok--24 Feb--Standard & Poor's
Standard & Poor's Ratings Services raised its long-term rating to 'AA+' from 'AA' on Seattle, Wash.'s outstanding water revenue bonds. The outlook is stable. The bonds are insured by MBIA. We inadvertently did not raise the bonds' long-term rating in a rating action on Nov. 6, 2008, when we raised the underlying rating (SPUR) to 'AA+' from 'AA'. Based on our criteria, the standard long-term rating of the bonds should be the higher of the rating of the insurer or the SPUR. For more information, see the article published Nov. 6, 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:
Ana Sandoval, New York (1) 212-438-5095, [email protected]
Analyst Contacts:
Ian Carroll, San Francisco (1) 415-371-5060
Gabriel Petek, CFA, San Francisco (1) 415-371-5042