District of Columbia's TRANs Rated 'SP-1+'; District's Credit Quality Cited - S&P Global Ratings’ Credit Research

District of Columbia's TRANs Rated 'SP-1+'; District's Credit Quality Cited

District of Columbia's TRANs Rated 'SP-1+'; District's Credit Quality Cited - S&P Global Ratings’ Credit Research
District of Columbia's TRANs Rated 'SP-1+'; District's Credit Quality Cited
Published Nov 20, 2003
803 words — Published Nov 20, 2003
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Abstract:

WASHINGTON D.C. (Standard&Poor's) Nov. 20, 2003—Standard&Poor's Ratings Services has assigned its 'SP-1+' rating to the District of Columbia's $250 million GO tax and revenue anticipation notes, series 2004, reflecting the district's sound 'A-' underlying general credit quality. The rating also reflects sound financial operations of the district; and strong debt service coverage at note maturity provided by the general fund cash balance and other borrowable money. The notes are general obligations of the district and the full faith and credit of the district is pledged for the payment of principle and interest on the notes when due on Sept. 30, 2004. Under the escrow agreement, the district has covenanted to make escrow deposits into the note

  
Brief Excerpt:

RESEARCH District of Columbia's TRANs Rated 'SP-1+'; District's Credit Quality Cited Publication date: 20-Nov-2003 WASHINGTON D.C. (Standard & Poor's) Nov. 20, 2003ùStandard & Poor's Ratings Services has assigned its 'SP-1+' rating to...

  
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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 TRANs Rated 'SP-1+'; District's Credit Quality Cited" Nov 20, 2003. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/District-of-Columbia-s-TRANs-Rated-SP-1-District-s-Credit-Quality-Cited-345558>
  
APA:
S&P Global Ratings’ Credit Research. (). District of Columbia's TRANs Rated 'SP-1+'; District's Credit Quality Cited Nov 20, 2003. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/District-of-Columbia-s-TRANs-Rated-SP-1-District-s-Credit-Quality-Cited-345558>
  
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