Normandy Park, WA GO Rating Raised To 'AA' From 'AA-' On Stronger Reserves


SAN FRANCISCO (S&P Global Ratings) March 14, 2019--S&P Global Ratings raised 
its long-term rating to 'AA' from 'AA-' on Normandy Park, Wash.'s previously 
issued limited-tax general obligation bonds. The outlook is stable. 

"The rating action reflects our view of sustained strengthening in the city's 
reserves, aided in part by a multiyear voter-approved property tax increase," 
said S&P Global Ratings credit analyst Chris Morgan.

The stable outlook reflects our view that the city's medium-term financial 
picture is bright, partly as a result of strong AV growth that will allow the 
city to fully realize the property tax revenue adjustment flexibility that 
voters recently authorized.
We work across the world

From London to San Francisco, to our home base in (Saint Helier) Jersey, we’re looking for extraordinary and creative scientists to help us drive the field forward.

AC Investment Inc. currently does not act as an equities executing broker or route orders containing equities securities. If AC Invest’s business model were to change and it begins routing non-directed orders in NMS securities, it will comply with the disclosure requirement of Rule 606.

77 Massachusetts Avenue Cambridge, MA 02139 617-253-1000 pr@ademcetinkaya.com