Home Credit Ratings and Research S&P Global Ratings’ Credit Research District of Columbia

Summary: District of Columbia, DC; Pf Structured, Letter of Credit

Published Sep 13, 1999

383 words — Published Sep 13, 1999

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About This Report

Abstract:

The rating downgrade on the District of Columbia's series 1991B-2 bonds reflects the substitution of the letter of credit (LOC) provided by National Westminster Bank PLC with a LOC provided by Bank of America. The ratings on the series 1991B-1 and 1991B-3 bonds are affirmed following Standard&Poor's review of the LOCs provided by Société Genérale and Bank of America, respectively. The substitutions of the series 1991B-1 and 1991B-3 LOCs were performed for the purposes of extending the expiration dates. The LOCs for all three series are scheduled to expire on Sept. 26, 2000.

Brief Excerpt:

RESEARCH Summary: District of Columbia, DC; Pf Structured, Letter of Credit Publication date: 13-Sep-1999 Credit Profile AFFIRMED $58.800 mil. District of Columbia gen fd recov ser 91-B3 ##-/A-1+ $71.500 mil. District of Columbia gen...

Report Type:

Summary

Issuer

District of Columbia

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

District of Columbia/The George Washington University's Revs Rated 'A' – 1999/12/02 – US$ 150.00

District of Columbia The George Washington University; Revenue - Higher Education, Private Coll/Univ - General Obligation – 1999/12/02 – US$ 500.00

Summary: District of Columbia, DC; Revenue - Higher Education, Private Coll/Univ - General Obligation – 1999/12/08 – US$ 225.00

District of Columbia/John F. Kennedy Center for the Performing Arts Rev Bnds Rated 'AAA/A-1+' – 1999/12/10 – US$ 150.00

Summary: District of Columbia, DC; Pf Structured, Insured Liquidity – 1999/12/15 – US$ 225.00

District of Columbia's Bonds Affirmed and Downgraded to 'AA-/A-1+' – 1999/09/10 – US$ 150.00

District of Columbia, MD/MedStar Health,Inc. Rtg Lowered to 'BBB+' – 1999/08/30 – US$ 150.00

Summary: District of Columbia, DC; Revenue - Higher Education, Private Coll/Univ - General Obligation – 1999/07/28 – US$ 225.00

District of Columbia GO Bonds Rated 'BBB' – 1999/07/27 – US$ 150.00

Summary: District of Columbia, DC; General Obligation, Local Lease; General Obligation, State GO – 1999/07/27 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Summary: District of Columbia, DC; Pf Structured, Letter of Credit" Sep 13, 1999. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-DC-Pf-Structured-Letter-of-Credit-119443>

APA:	S&P Global Ratings’ Credit Research. (). Summary: District of Columbia, DC; Pf Structured, Letter of Credit Sep 13, 1999. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-DC-Pf-Structured-Letter-of-Credit-119443>

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