S&P Global Ratings assigned its 'AA+' long-term rating to the District of Columbia's (DC, or the District) series 2023A general obligation (GO) bonds and 2023B GO refunding bonds, with approximate par amounts of $565.9 million and $240.2 million, respectively. At the same time, S&P Global Ratings affirmed its 'AA+' rating on DC's GO debt outstanding. The outlook is stable. The District's GO bonds are secured by its full-faith-and-credit pledge, including a real property tax that DC levies annually, without limitation as to rate or amount, in amounts sufficient to pay debt service on all of its GO debt outstanding. The District entered into a collection agreement whereby Wells Fargo Bank N.A., acting on behalf of the District, collects all real
