Standard&Poor's Ratings Services raised its rating on District of Columbia's multimodal general obligation refunding bonds series 2008A (variable-rate demand obligations) to 'A+/A-1' from 'A-/A-2' following the substitution of the letter of credit (LOC) provided by Allied Irish Bank (A-/A-2) to a LOC provided by Bank of America N.A. (A+/A-1). At the same time, Standard&Poor's raised its rating on District of Columbia's multimodal general obligation refunding bonds series 2008D (variable-rate demand obligations) to 'AA/A-1+' from 'A/A-1' following the substitution of the LOC provided by Dexia Credit Local (A/A-1) to a LOC provided by Wells Fargo Bank N.A. (AA/A-1+). The new LOC enhancing the series 2008A provides 52 days' interest coverage at the maximum rate of 12% per
