S&P Global Ratings assigned its 'AAA' rating to the District of Columbia's (D.C., or the district) series 2023A (approximately $481.86 million), 2023B (approximately $227.36 million), 2023C (approximately $500 million), and 2024A (approximately $500 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 2023A and series 2023B bonds will fund a portion of the district's current capital improvement plan (CIP). The 2023C bonds are an optional tender for the district's outstanding 2014C
