CUSIP 43109TAQ9

• ISIN: US43109TAQ94
• Entity Name: Highlands Sewer District, King County, Washington
• Sector: Municipal Agency
• Announcement Date: 26-Apr-2018
• Effective Date: *****
• Issue Date: *****
• Maturity Date: 01-Dec-2029
• Country of Issuer: United States
• Region: N.Amer
• Issue Currency: United States of America Dollars
• CA Type: Covenant Breach
• News: At all times that any of the above-referenced bonds (the Bonds) are outstanding, the District has covenanted to maintain a coverage requirement: (1) for any period during which Assessments may be paid without becoming delinquent, in a dollar amount equal to 1.0 times Average Annual Debt service; or (2) for any other period, in a dollar amount equal to the product of 1.20 times Average Annual Debt service on all Parity Bonds then outstanding. The District failed to meet the coverage requirement in calendar year 2017. Debt service coverage in calendar year 2017 was 0.90.
• Description: Municipal Name: Highlands Sewer District, King County, Washington CUSIP: 43109TAQ9 Currency: USD Highlands Sewer District, King County, Washington announced today that the trustee has failed to meet its Debt Service Coverage Ratio for its Series 2015, Sewer and Storm Water Revenue Refunding Bonds.
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US43109TAQ94