S&P Global Ratings assigned its 'AAA' rating to the District of Columbia's series 2020A and 2020B 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 on both ratings is stable. The ratings reflect the application of our "Priority-Lien Tax Revenue Debt," published Oct. 22, 2018, which factors in both the strength and stability of pledged revenue and the general creditworthiness of the municipality. The 2020A bonds represent new money that will be used to fund a portion of the District's current capital improvement plan (CIP). The 2020B bonds will be used to refund a portion of previously issued debt. The bonds
