MOODY'S ASSIGNS Aa1 RATING TO KING COUNTY, WA LTGO REFUNDING BONDS; OUTLOOK IS STABLE

Posted on: November 3, 2010, 8:00 pm

NEW YORK, Nov 3, 2010 -- Moody's Investors Service has assigned an Aa1 rating and stable outlook to King County, Washington's Limited Tax General Obligation Bonds, 2010, Series A (Federally Tax-Exempt); Limited Tax General Obligation Bonds, 2010, Series B (Federally Taxable Build America Bonds); Limited Tax General Obligation Bonds, 2010, Series C (Federally Taxable Recovery Zone Economic Development Bonds); and Limited Tax General Obligation Bonds, 2010, Series D (Federally Taxable Qualified Energy Conservation Bonds) being issued in the aggregate amount of $109.7 million. The four series of LTGO bonds are secured by the full faith and credit of the county within the constitutional and statutory limits for limited tax debt. Proceeds of the bonds will finance a variety of county capital projects...

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