Standard&Poor's Ratings Services affirmed its 'AA-' rating on the District of Columbia's general obligation (GO) bonds based on its newly released local GO criteria. At the same time, Standard&Poor's also affirmed its 'A+' rating on the district's existing certificates of participation (COPs). The outlook is stable. The GO rating is based on the district's full faith and credit pledge. The GO ratings reflect our assessment of the following factors for the district, specifically its: Very strong economy that serves as the nation's capitol as well as a regional employment center anchored by the federal government, military contractors, services, and tourism sectors; Adequate budgetary flexibility; Adequate budgetary performance; Very strong liquidity providing very strong cash levels to
