Standard&Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) on the District of Columbia's general obligation (GO) bonds to 'AA' from 'AA-' due to a record of general fund surpluses that have strengthened flexibility. We also believe, following the planned sale of the 2014D GO bonds, the district will have reduced its contingent liability risk. At the same time, Standard&Poor's raised its long-term rating and SPUR to 'AA-' from 'A+' on the district's certificates of participation (COPs) and assigned its 'AA' long-term rating to its series 2014C and D GO bonds. The outlook is stable. The GO rating is based on the district's full faith and credit pledge. We understand 2014C bond proceeds will
