Summary: District of Columbia; General Obligation - S&P Global Ratings’ Credit Research

Summary: District of Columbia; General Obligation

Summary: District of Columbia; General Obligation - S&P Global Ratings’ Credit Research
Summary: District of Columbia; General Obligation
Published Aug 20, 2024
9 pages (4069 words) — Published Aug 20, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to the District of Columbia's (DC, the city, or the District) approximately $690.5 million series 2024A general obligation (GO) bonds, its approximately $397.7 million 2024B GO refunding bonds, and its approximately $580.6 million 2024C GO refunding bonds. 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

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' long-term rating to the District of Columbia's (DC, the city, or the District) approximately $690.5 million series 2024A general obligation (GO) bonds, its approximately $397.7 million 2024B GO refunding bonds, and its approximately $580.6 million 2024C GO refunding bonds. + At the same time, S&P Global Ratings affirmed its '##+' rating on DC's GO debt outstanding. + The outlook is stable....

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: District of Columbia; General Obligation" Aug 20, 2024. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-General-Obligation-3233322>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: District of Columbia; General Obligation Aug 20, 2024. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-General-Obligation-3233322>
  
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