Standard&Poor's Ratings Services assigned its 'AA-' rating on the District of Columbia's series 2013A general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'AA-' rating on the district's parity GO debt and 'A+' rating on the district's certificates of participation (COPs) outstanding. The outlook is stable. The GO rating is based on the district's full faith and credit pledge. The GO rating reflects our assessment of the following factors for the district, specifically its: Very strong economy that serves as the nation's capital 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
