Fitch assigns A+/F1+ rating to Port of Seattle bonds

Fitch Ratings said it assigned an A+/F1+ rating to the Port of Seattle's $200.7 million subordinate-lien revenue refunding bonds, series 2008 (AMT).

The rating is based on a letter of credit issued by Landesbank Hessen-Thuringen Girozentrale, acting through its New York branch (Helaba).

The expected sale date is June 17.

Proceeds will be used to refund the port's series 2003C subordinate-lien revenue bonds.

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