District of Columbia's Series 2011A Income-Tax-Secured Revenue Bonds Rated 'AAA'; Outlook Stable - S&P Global Ratings’ Credit Research

District of Columbia's Series 2011A Income-Tax-Secured Revenue Bonds Rated 'AAA'; Outlook Stable

District of Columbia's Series 2011A Income-Tax-Secured Revenue Bonds Rated 'AAA'; Outlook Stable - S&P Global Ratings’ Credit Research
District of Columbia's Series 2011A Income-Tax-Secured Revenue Bonds Rated 'AAA'; Outlook Stable
Published Sep 20, 2011
Published Sep 20, 2011
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Abstract:

NEW YORK (Standard&Poor's) Sept. 20, 2011--Standard&Poor's Rating Services has assigned its 'AAA' long-term rating to the District of Columbia's series 2011A income-tax-secured revenue bonds. At the same time, Standard&Poor's affirmed its 'AAA' rating on the district's existing parity debt. The outlook is stable. The ratings reflect our view of the district's: Strong historical coverage of maximum annual debt service requirements, which is projected to continue as the district issues additional bonds over the next three years; and Strong legal provisions, including a two-pronged additional bonds test. "We expect coverage levels to remain very strong despite additional issuances and the weaker economic environment," said Standard&Poor's credit analyst Le T. Quach. "We further expect

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "District of Columbia's Series 2011A Income-Tax-Secured Revenue Bonds Rated 'AAA'; Outlook Stable" Sep 20, 2011. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/District-of-Columbia-s-Series-2011A-Income-Tax-Secured-Revenue-Bonds-Rated-AAA-Outlook-Stable-892113>
  
APA:
S&P Global Ratings’ Credit Research. (). District of Columbia's Series 2011A Income-Tax-Secured Revenue Bonds Rated 'AAA'; Outlook Stable Sep 20, 2011. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/District-of-Columbia-s-Series-2011A-Income-Tax-Secured-Revenue-Bonds-Rated-AAA-Outlook-Stable-892113>
  
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