...August 20, 2024 WASHINGTON D.C. (S&P Global Ratings) Aug. 20, 2024--S&P Global Ratings assigned its '##+' long-term rating to the District of Columbia's (DC, the city, or the District) approximately $690.5 million series 2024A general obligation (GO) bonds, its approximately $397.7 million 2024B GO refunding bonds, and its approximately $580.6 million 2024C GO refunding bonds. At the same time, we affirmed our '##+' rating on DC's GO debt outstanding. The outlook is stable. "The rating reflects our assessment of the following factors for the District, including its very strong economic profile, financial management environment with forward-looking practices underpinned by conservative projections and robust planning activities, strong budgetary performance, and moderate debt levels and well-funded retirement plans," said S&P Global Ratings credit analyst Christian Richards. The District's GO bonds are secured by its full-faith-and-credit pledge, including a real property tax that DC levies...
