WASHINGTON, D.C. (Standard&Poor's) Nov. 23, 2005--Standard&Poor's Ratings Services today raised its rating on the District of Columbia's general obligation debt to 'A+' from 'A' based on a continuation of conservative financial management and operations, coupled with significant tax base growth and investment. At the same time, Standard&Poor's assigned its 'A+' rating to D.C.'s new $340 million series 2005A general obligation bonds and $120 million 2005B general obligation refunding bonds. The outlook is stable based on the expectation that D.C. will continue to operate within its statutory financial policies, which have led to strong financial operations and financial results despite leadership and administrative changes. "It is expected that operations will remain balanced and reserves will
