Tumwater, WA GO Bond Rating Raised To #AA# Due To Application Of Our Updated Criteria

Stocks and Financial Services Press Releases Tuesday March 4, 2014 08:50
SAN FRANCISCO--4 Mar--Standard & Poor's

SAN FRANCISCO (Standard & Poor's) March 3, 2014--Standard & Poor's Ratings Services raised its rating to 'AA' from 'AA-' on Tumwater, Wash.'s existing unlimited-tax and limited-tax general obligation (GO) bonds. The outlook is stable.

"The raised rating reflects the application of our local GO criteria released Sept. 12, 2013," said Standard & Poor's credit analyst Margot Rosenshein. "Further supporting the rating is our view of the city's very strong budgetary flexibility and liquidity," Ms. Rosenshein added.

The city is located adjacent to the state capital, Olympia, and serves a largely residential area south of Seattle.

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