Entries by Anthony Hemstad

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$24 Million COPs Sold For Washington Government Projects

OLYMPIA, WA – Washington’s Office of the State Treasurer (OST) successfully sold almost $24 million in Certificates of Participation (COPs) on September 12th.  The offering attracted 12 different bidders with Morgan Stanley & Co, LLC (Morgan Stanley) offering the lowest bid. The COPs will help finance equipment needed by 18 local governments across Washington. Morgan […]

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Washington Keeps Strong Bond Ratings

Olympia, WA – State Treasurer Duane Davidson announced today that the three national debt rating agencies have reviewed Washington’s financial situation and have confirmed the existing bond ratings for the State’s Long Term General Obligation (GO) bonds. Washington has very strong ratings: Fitch AA+ with stable outlook, Moody’s Aa1 with stable outlook and S&P AA+ […]