Summary: District of Columbia; Letter Of Credit - S&P Global Ratings’ Credit Research

Summary: District of Columbia; Letter Of Credit

Summary: District of Columbia; Letter Of Credit - S&P Global Ratings’ Credit Research
Summary: District of Columbia; Letter Of Credit
Published May 04, 2022
5 pages (1739 words) — Published May 04, 2022
Price US$ 225.00  |  Buy this Report Now

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Abstract:

May 18, 2022 Direct-pay letter of credit (LOC) Barclays Bank PLC (rating dependency*) U.S. Bank Trust Co. N.A. S&P Global Ratings assigned its 'A-1' short-term rating to District of Columbia's series 2022A (tax-exempt) and 2022B (federally taxable) general obligation commercial paper (CP) notes. The rating reflects the support Barclays Bank PLC provides in the form of an irrevocable transferable direct-pay LOC. The LOC fully supports all CP note payment obligations. Our short-term ratings on these issues are linked to the LOC provider. Environmental, social, and governance (ESG) factors that have an effect on the rating on this supporting entity could also have an effect on the ratings on these securities. Our assessment of the creditworthiness of support providers incorporates any

  
Brief Excerpt:

...S&P Global Ratings assigned its 'A-1' short-term rating to District of Columbia's series 2022A (tax-exempt) and 2022B (federally taxable) general obligation commercial paper (CP) notes. The rating reflects the support Barclays Bank PLC provides in the form of an irrevocable transferable direct-pay LOC. The LOC fully supports all CP note payment obligations....

  
Report Type:

Summary

Issuer
District of Columbia
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: District of Columbia; Letter Of Credit" May 04, 2022. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-Letter-Of-Credit-2834799>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: District of Columbia; Letter Of Credit May 04, 2022. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-Letter-Of-Credit-2834799>
  
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