WASHINGTON, D.C. (Standard&Poor's CreditWire) March 12, 2001-- Standard&Poor's today assigned its triple-'B'-plus rating to District of Columbia's $66.5 million GO bonds series 2001B dated March 1, 2001, due June 1, 2031. The bonds are scheduled to sell March 14, 2001. In addition, Standard&Poor's affirmed its triple-'B'-plus rating on District of Columbia's outstanding GO bonds. The outlook is stable. The rating reflects the district's: -- Improved financial operations, resulting largely from federal legislation affecting the district; -- Enhanced debt position; and -- Expectation that improved management controls and reforms, economic development initiatives, and other factors will continue to strengthen credit fundamentals over the long term. The rating is based on the full faith and credit
