Summary: District of Columbia; General Obligation; Miscellaneous Tax

S&P Global Ratings assigned its 'AAA' rating to the District of Columbia's (D.C. or the District) series 2022A (approximately $676 million), 2022B (approximately $139.4 million), and 2022C (approximately $609 million) income tax-secured revenue and revenue refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the District's income tax revenue bonds outstanding. The outlook is stable. Securing the bonds is a pledge of the trust estate including a first lien on available tax revenues, consisting of income tax revenues. Proceeds from the series 2022A and series 2022B bonds will fund a portion of the District's current capital improvement plan while the series 2022C bonds will be used to refund a portion of previously issued debt to

...S&P Global Ratings assigned its '###' rating to the District of Columbia's (D.C. or the District) series 2022A (approximately $676 million), 2022B (approximately $139.4 million), and 2022C (approximately $609 million) income tax-secured revenue and revenue refunding bonds. At the same time, S&P Global Ratings affirmed its '###' rating on the District's income tax revenue bonds outstanding. The outlook is stable. Securing the bonds is a pledge of the trust estate including a first lien on available tax revenues, consisting of income tax revenues. Proceeds from the series 2022A and series 2022B bonds will fund a portion of the District's current capital improvement plan while the series 2022C bonds will be used to refund a portion of previously issued debt to lower overall debt service costs without an extension of the original maturity dates. The current bonds are being issued under an amended and restated master indenture as well as a fifth and sixth supplemental indenture. The amended...

Summary