S&P Global Ratings affirmed its 'AA+' long-term rating on the District of Columbia's (DC or the District) general obligation (GO) bonds. The outlook is stable. Our analysis is based on the application of our "Methodology For Rating U.S. Governments" criteria, published Sept. 9, 2024, on RatingsDirect. The District's GO bonds are secured by its full-faith-and-credit pledge, including a real property tax that it levies annually, without limitation as to rate or amount, in amounts sufficient to pay debt service on all of its GO debt outstanding. DC's creditworthiness is characterized by a historically stable financial profile, supported by sophisticated forward-looking financial planning policies and practices, as well as a robust, affluent tax base that has shown resilience and growth throughout
