Standard&Poor's Ratings Services assigned its 'A+' rating, and stable outlook, to the District of Columbia's series 2007C GO bonds. At the same time, Standard&Poor's affirmed its 'A+' long-term rating and 'A+' underlying ratings (SPURs) on the district's existing GO debt and its 'A' long-term rating and 'A' SPURs on the district's existing certificates of participation (COPs). The 'A+' rating reflects: The district's healthy and diverse economy, which is anchored by the federal government, military contractors, services, and tourism, and its role as a regional employment center. A sizable and growing property tax base, which experienced strong appreciation over the past five years and continues to be healthy, despite undergoing a correction due to a cooling housing
