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Published on 7/1/2008 in the Prospect News Municipals Daily.

S&P rates Washington bonds AA+

Standard & Poor's said it assigned an AA+ rating to the state of Washington's anticipated issuance of $492.505 million series 2009A general obligation bonds, $260 million in series 2009B motor vehicle fuel tax bonds and $70.585 million in series 2009T G.O. bonds (taxable).

All of the bonds are due July 1, 2033.

S&P also affirmed its AA+ rating on the state's $12.9 billion in outstanding G.O. and motor vehicle tax bonds, as well as its AA rating on the state's certificates of participation. The outlook is stable.


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