Bangkok--23 Jul--Standard & Poor's
Standard & Poor's Ratings Services corrected and raised its underlying rating (SPUR) to 'AA+' from 'AA' on King County, Wash.'s $270.06 million sewer revenue and refunding bonds, series 2001. On July 23, 2008, the rating of the sewer system's parity (senior) bonds was raised to 'AA+/Stable' from 'AA/Stable', and the SPUR on the series 2001 bonds was incorrectly not adjusted to 'AA+' from 'AA'.
For more information on King County's sewer system debt, see the full analysis published July 21, 2009, 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:
Paul Dyson, San Francisco (1) 415-371-5079
Gabriel Petek, CFA, San Francisco (1) 415-371-5042