The 'SP-1+' short-term rating on the District of Columbia's new $250 million GO TRANs series 2006 reflects D.C.'s: Underlying long-term general creditworthiness ('A+' rating), Sound financial operations, and Strong debt service coverage at note maturity provided by the general fund cash balance and other borrowable money. The notes are general obligations of the district and the full faith and credit of the district is pledged for the payment of principle and interest on the notes when due on Sept. 30, 2006. Under the escrow agreement, the district has covenanted to make escrow deposits into the note escrow account to pay principal and interest between Aug. 1 and Sept. 30, 2006. Forty percent of principal will be deposited on Sept. 1,
