Northwest NEWS

June 19, 2000

Front Page

City of Woodinville's bonds receive rating increase

   WOODINVILLE--Following a meeting with Bank of America and Standard and Poor representatives, the City of Woodinville was assigned an AA rating for its $4.99-million bond issue for the construction of the new city hall. This is a rating upgrade from A+ in 1997.

   "This is a tremendous accomplishment to have achieved such a high degree of credit worthiness in such a short time for a city our size," said City Manager Pete Rose.

   The message to prospective purchasers of the city's bonds is that Woodinville has a strong financial position based on an expanding and diverse employment base, coupled with taxable retail sales four times the state and national averages.