The long-term rating on the District of Columbia's multimodal revenue bonds, issued for the John F. Kennedy Center for the Performing Arts, is based upon a bond insurance policy provided by AMBAC. The short-term rating is based upon a liquidity facility provided by Credit Local de France. Bond proceeds will be used by the Kennedy Center to construct an expansion to the parking facilities at the center. Initially, the bonds will bear interest in the weekly rate and can be converted to bear interest in the daily, commercial paper, and term rates. The bonds are subject to mandatory tenders upon the following events: On any interest payment date while the bonds bear interest at the commercial paper mode; On any
