WASHINGTON D.C. (S&P Global Ratings) April 24, 2025--S&P Global Ratings assigned its 'AAA' rating to the District of Columbia's (DC, or the District) series 2025A (approximately $1.17 billion) and 2025B (approximately $301.1 million) income tax-secured revenue and revenue refunding bonds. At the same time, we affirmed our 'AAA' rating on the District's income tax revenue bonds outstanding, The outlook is stable. "The rating on DC's income tax-backed debt reflects very strong historical and projected current and maximum annual debt service (MADS) coverage; we expect MADS coverage to remain nearly 8x based on outstanding income tax debt and the current series 2025 issuance," said S&P Global Ratings credit analyst Timothy Barrett. Management projects continued incremental growth in total pledged revenue, with
