กรุงเทพฯ--22 เม.ย.--Standard & Poor
Standard & Poor's Ratings Services said it assigned its 'AA' long-term rating and stable outlook to Olympia, Wash.'s 2010 limited-tax general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'AA' underlying rating (SPUR) on the city's outstanding GO bonds.
"The rating reflects our view of the city's strong and diverse economy and its participation in the greater Seattle regional economy," said Standard & Poor's credit analyst Li Yang. Other rating factors are the city's strong income indicators and financial performance, and good financial management policies and practices.
The city of Olympia is located at the southern end of Puget Sound, roughly 60 miles from Seattle, and has an estimated population of 45,250. As the state's capital, government services are a large part of Olympia's employment base.
RELATED CRITERIA AND RESEARCH
USPF Criteria: GO Debt, Oct. 12, 2006
Complete ratings information is available to RatingsDirect on the Global Credit Portal subscribers at www.globalcreditportal.com and 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. Use the Ratings search box located in the left column.
Media Contact:
Ana Sandoval, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Li Yang, San Francisco 1-415-371-5024
Chris Morgan, San Francisco (1) 415-371-5032