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Washington bonds continue to be in demand with investors. Top rating agencies referenced Washington’s strong economic fundamentals, strong governance practices, and sound reserves as key factors in the state’s strong credit ratings.
The Treasurer has led efforts to refinance nearly $9.4 billion of state debt. Today’s sale brings total savings to $878 million on a net present value basis
Fostering partnerships between state and local governments to help keep costs low
Three national credit rating agencies affirmed Washington state’s excellent financial standing ahead of today’s sale of over $1.5 billion in new money bonds
The Office of the State Treasurer (OST) provided access to over $30 million in low-interest financing to state and local government partners