King County has once again received the highest bond rating from three major bond rating agencies. | Stock Photo
King County has once again received the highest bond rating from three major bond rating agencies. | Stock Photo
King County has once again received the highest bond rating from three major bond rating agencies.
Standard & Poor's, Fitch Ratings, and Moody's Investors Service all rated the county "AAA." The agencies attributed the high rating to the county's financial management and ability to rapidly bounce back after the COVID-19 pandemic.
Moody's noted that even though the pandemic had a negative impact on the region's economy, they expected the county's tax base to remain strong and trust the financial management team will keep the county's financial profile "healthy."
"King County's strong bond ratings are a testament to our financial stewardship and commitment to be the best run regional government in the nation," Dow Constantine, King County Executive, said in a release on the county's website.
The county said the high ratings will help them secure "favorable terms" in bond sales this week. Earlier this month the county debuted it's Investor Relations website which has information for investors who'd like to purchase bonds from the county.
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