Community Transit Maintains AAA Credit Rating

News Releases

Media Contact

To stay up-to-date, visit our home page for the latest news headlines. We also tweet updates @MyCommTrans and on our blog.

For background information, interviews or photos about Community Transit, please contact:

On-duty Public Information Officer
(425) 438-6156

Public Disclosure Requests

Please visit our Online Disclosure Portal to make a request for Community Transit records. For the policy and fees see the Public Disclosure Program. If you have questions, call our Public Records Officer at (425) 438-6158.

Latest Headlines

Community Transit Maintains AAA Credit Rating

Oct 9, 2019

Agency one of select few in Washington state with highest rating

Snohomish County, Wash. –Standard & Poor's (S&P) Global Ratings recently determined that Community Transit maintains the AAA credit rating that it has held since 2017, the highest rating available to public agencies. The Snohomish County transit agency is in the midst of its greatest expansion of service, having launched Swift Green Line between Bothell and Boeing/Paine Field earlier this year.

Favorable credit ratings allow Community Transit and similar public agencies the ability to borrow money for public projects at a low rate of interest, which saves the public money.

“Community Transit is one of a select few public agencies in Washington state with a AAA credit rating,” said Community Transit CEO Emmett Heath. “The rating is recognition of our commitment to being a good steward of public funds.”

S&P reports that Community Transit will maintain a stable financial outlook because of a very low debt burden and reliable sources of revenue.  

Community Transit is responsible for providing bus and paratransit service, vanpool and alternative commute options in Snohomish County. The agency is building a network of Swift bus rapid transit lines with Swift Blue Line along Highway 99, the Swift Green Line between Canyon Park/Bothell and Boeing/Paine Field, and the new Swift Orange Line coming to Mill Creek and Lynnwood in 2024.