Washington State Treasurer's Office

Bond Ratings*

Long Term Ratings
	Fitch Investors Service, Inc.	AA
	Moody’s Investors Service	Aa1
	Standard & Poor’s Ratings Services	AA+
Short Term Ratings
	Fitch Investors Service, Inc.	AA/F-1+
	Moody’s Investors Service	Aa1/VMIG 1
	Standard & Poor’s Ratings Services	AA+
Lease/Purchase Ratings
	Equipment Certificates of Participation Moody’s Investors Service	Aa2
	Real-estate Certificates of Participation Moody’s Investors Service	Aa2

The Moody’s ratings denoted for the lease/purchase program real estate issues are those applicable to a significant portion of those issues. The rating for any particular real estate certificate of participation issue may vary, however, and should be individually verified.

The ratings shown on this page reflect only the respective views of such rating agencies and are not a recommendation to buy, sell, or hold any bond or certificate of participation. Such ratings may be raised, lowered, suspended, or withdrawn entirely by the rating agencies, or any of them, if in their or its judgment, circumstances warrant.