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Prospect News home > News index > List of issuers K > Headlines for King County School District No. 411 > News item |
Moody's rates King County, Wash., school bonds Aa1
Moody's Investors Service said it assigned an underlying Aa1 rating to the King County School District No. 411 Issaquah, Wash., unlimited tax general obligation bonds 2008 for $60 million. The bonds are secured by the district's property tax pledge.
The current offering is the third issuance of the district's 2006 $241.9 million authorization.
Moody's also affirmed the Aa1 rating on the district's outstanding parity debt totaling $280.9 million.
The current offering will also receive the Aa1 rating of the Washington school bond guarantee program, which carries a stable outlook, reflecting the stable outlook on the state's rating.
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