Standard & Poor's, Fitch Ratings, and Moody's Investors Service have all reaffirmed King County's "AAA" bond rating. | Pixabay
Standard & Poor's, Fitch Ratings, and Moody's Investors Service have all reaffirmed King County's "AAA" bond rating. | Pixabay
Standard & Poor's, Fitch Ratings, and Moody's Investors Service have all reaffirmed King County's "AAA" bond rating.
King County is the only county in the state of Washington to receive the highest possible rating for general obligation bonds from all three major bond rating agencies.
"There are real dollars-and-cents benefits to making responsible government of my top priorities —providing more resources for environmental protection, transit, and family-wage jobs," Dow Constantine, King County Executive, said in a release on the county's website.
The ratings agencies credited the high rating to not only how the county's been managing it's finances, but also their ability to rebound in a post-pandemic economy.
Fitch mentioned their efforts to lessen the blow of revenue losses during the recession caused by the pandemic. The ratings agency expected "the county to retain its superior gap-closing capacity."
The high ratings should help the county lock in beneficial terms during two bond sales this week.
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