Jefferson County Fire Protection District No.1 (East Jefferson Fire Rescue), WA GO Bond Rating Raised To #AA-# From #A+#

Stocks and Financial Services Press Releases Tuesday March 20, 2018 09:37
SAN FRANCISCO--20 Mar--S&P Global Ratings

SAN FRANCISCO (S&P Global Ratings) March 19, 2018--S&P Global Ratings raised its long-term rating to 'AA-' from 'A+' on Jefferson County Fire Protection District No. 1 (East Jefferson Fire Rescue), Wash.'s limited-tax general obligation (LTGO) debt. The outlook is stable.

"The rating action reflects our view of the district's significantly increasing available reserves, with no plans to by management to spend them down and a growing local economic base," said S&P Global Ratings credit analyst Cody Nelson.

The 79-square-mile district in the Olympic peninsula serves the eastern portion of Jefferson County that includes the Port of Townsend and unincorporated communities in the east county. Altogether, the district serves a relatively stable population of about 20,500. We note that the district's tax base does not include the Port of Townsend; however, an upcoming ballot measure proposes an annexation of the city into the fire district.


Latest Press Release

Photo Release: Praram 9 Hospital #PR9 appoints underwriters Set IPO price at 11.60 baht

Dr. Satian Pooprasert (4th left), Managing Director and Chief Executive Officer, Praram 9 Hospital Public Company Limited, together with Praram 9 Hospital's co-founders and management executives recently signed an agreement to appoint the lead...

Photo Release: Maybank Kim Eng as THE BEST IN THE REGION

Maybank Kim Eng bags multiple awards at the Alpha Southeast Asia Awards. Our excellent run at the Alpha Southeast Asia Awards continued this year as we were once again named the Best Broker in Southeast Asia at the awards ceremony held in Singapore. The...

Praram 9 Hospitals IPO price set at 11.60 baht per share following strong response from domestic and international institutional investors

Praram 9 Public Company Limited, or 'PR9', has announced the final price at 11.60 baht per share for its Initial Public Offering (IPO) plan. The company will offer 180 million shares and may allocate 20 million shares for the greenshoe option....

Thailand Futures Exchange to launch Gold Online Futures on November 5

Thailand Futures Exchange (TFEX) is scheduled to launch Gold Online Futures, a cash settled futures contract from November 5 onwards. TFEX Managing Director Rinjai Chakornpipat said that Gold Online futures contract, a cash settled contract based on 99.5...

Photo Release: MOU signing of 4 ASEAN capital market regulators in launching ACMF Pass Project

4 ASEAN Executives of capital market regulators of Malaysia, Philippines, Singapore, and Thailand signed a Memorandum of Understanding (MOU). The "ACMF Pass Project" allows licensed professionals to provide advisory services within participating ASEAN...

Related Topics