District of Columbia Series 2023A, 2023B, 2023C, And 2024A Bonds Assigned 'AAA' Rating; Outlook Stable - S&P Global Ratings’ Credit Research

District of Columbia Series 2023A, 2023B, 2023C, And 2024A Bonds Assigned 'AAA' Rating; Outlook Stable

District of Columbia Series 2023A, 2023B, 2023C, And 2024A Bonds Assigned 'AAA' Rating; Outlook Stable - S&P Global Ratings’ Credit Research
District of Columbia Series 2023A, 2023B, 2023C, And 2024A Bonds Assigned 'AAA' Rating; Outlook Stable
Published Oct 30, 2023
2 pages (1152 words) — Published Oct 30, 2023
Price US$ 150.00  |  Buy this Report Now

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Abstract:

WASHINGTON D.C. (S&P Global Ratings) Oct. 30, 2023--S&P Global Ratings assigned its 'AAA' rating to the District of Columbia's (D.C., or the district) series 2023A (approximately $481.86 million), 2023B (approximately $227.36 million), 2023C (approximately $500 million), and 2024A (approximately $500 million) income tax-secured revenue and revenue refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the district's income tax revenue bonds outstanding. The outlook is stable. "The rating reflects the application of our priority-lien tax revenue debt criteria, which factors in both the strength and stability of pledged revenue and the general creditworthiness of the municipality," said S&P Global Ratings credit analyst Christian Richards. The stable outlook reflects our opinion that maximum annual debt service

  
Brief Excerpt:

...October 30, 2023 WASHINGTON D.C. (S&P Global Ratings) Oct. 30, 2023--S&P Global Ratings assigned its '###' rating to the District of Columbia's (D.C., or the district) series 2023A (approximately $481.86 million), 2023B (approximately $227.36 million), 2023C (approximately $500 million), and 2024A (approximately $500 million) income tax-secured revenue and revenue refunding bonds. At the same time, S&P Global Ratings affirmed its '###' rating on the district's income tax revenue bonds outstanding. The outlook is stable. "The rating reflects the application of our priority-lien tax revenue debt criteria, which factors in both the strength and stability of pledged revenue and the general creditworthiness of the municipality," said S&P Global Ratings credit analyst Christian Richards. The stable outlook reflects our opinion that maximum annual debt service coverage, provided by pledged revenue on the district's income tax revenue debt, will remain at extremely strong levels, and well above...

  
Report Type:

Ratings Action

Issuer
District of Columbia
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "District of Columbia Series 2023A, 2023B, 2023C, And 2024A Bonds Assigned 'AAA' Rating; Outlook Stable" Oct 30, 2023. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/District-of-Columbia-Series-2023A-2023B-2023C-And-2024A-Bonds-Assigned-AAA-Rating-Outlook-Stable-3080965>
  
APA:
S&P Global Ratings’ Credit Research. (). District of Columbia Series 2023A, 2023B, 2023C, And 2024A Bonds Assigned 'AAA' Rating; Outlook Stable Oct 30, 2023. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/District-of-Columbia-Series-2023A-2023B-2023C-And-2024A-Bonds-Assigned-AAA-Rating-Outlook-Stable-3080965>
  
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