Bangkok--17 Apr--Standard & Poor's
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, with a stable outlook, to Klickitat and Yakima Counties School District No. 203 (Bickleton), Wash.'s unlimited-tax general obligation (GO) bonds series 2009. The rating on the district's bonds reflects the school district's eligibility for, and expected participation in, the Washington School Bond Guarantee Program. The state has issued a letter of confirmation stating a preliminary commitment to pledge the full faith, credit, and taxing power of the state of Washington to guarantee payment of the debt service of the bonds, contingent upon the State Treasurer's receipt of a copy of the bond resolution, bond counsel opinion, and a final official statement.
"The outlook reflects the outlook on the state's GO bond rating," said Standard & Poor's credit analyst Li H. Yang.
RELATED RESEARCH
USPF Criteria: "State Credit Enhancement Programs," Nov. 13, 2008
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Media Contact:
Ana Sandoval, New York (1) 212-438-5095, [email protected]
Analyst Contacts:
Li H Yang, San Francisco (1) 415-371-5024
Sussan Corson, New York (1) 212-438-2014
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