NEW YORK (Standard&Poor's) Nov. 20, 2009--Standard&Poor's Ratings Services corrected and lowered its rating on District of Columbia's multimodal general obligation refunding variable-rate bonds series 2002D to 'A/A-1' from 'A+/A-1', and removed the rating from CreditWatch with positive implications. The rating is based on a letter of credit provided by Dexia Credit Local (A/A-1). Standard&Poor's also withdrew its 'A+/Stable' underlying rating (SPUR) on the series 2002D bonds. The rating was on CreditWatch with positive implications to highlight a potential review of the transaction for joint criteria application (please see, "List of U.S. Public Finance Ratings Placed On CreditWatch Positive As A Result Of Joint-Support Criteria Update," published April 22, 2009, on RatingsDirect). The 'A+/Stable' SPUR
