NEW YORK (Standard&Poor's) March 16, 2010--Standard&Poor's Ratings Services assigned its 'SP-1' rating to the District of Columbia's payment in lieu of taxes (PILOT) revenue bond anticipation notes (Arthur Capper/Carrollsburg Public Improvement Issue). At the same time, Standard&Poor's assigned its 'A-' issuer credit rating to the district's subordinate available increment revenues. Standard&Poor's also assigned its 'A-' rating to the district's proposed long-term PILOT revenue bonds, which would refund the series 2010 notes. "The short-term rating reflects the strength of the pledged revenues to cover debt service and take out the notes (Preliminary A-/Stable)," said Standard&Poor's credit analyst John Sugden-Castillo. Also supporting the short-term rating is the district's authorization to take out
